Market research

Walnuts market in Montenegro

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The walnut market in Montenegro expanded from 1 104.7 tons in 2018 to 1 203.4 tons in 2019, driven by a surge in imports which reached 492.7 tons. This increase was supported by regional developments, including the expansion of walnut plantations in neighboring Serbia, where new plantings covered 1 843 hectares with plans for an additional 2 000 hectares, indicating growing investment in walnut production. The introduction of new walnut varieties like Chandler in Serbia, supported by companies engaged in procurement and processing, also contributed to improved supply availability for the Montenegrin market.

In 2020, the market contracted sharply to 927.3 tons as imports fell to 200.9 tons. Domestic production remained stable at around 725 tons annually throughout the period. Market size recovered steadily from 2021 onward, reaching 1 117.7 tons in 2023, with imports gradually climbing back to 414.9 tons by that year.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Montenegro
  1. 5.1.1. Annual dynamics of production in Montenegro in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Montenegro in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Montenegro in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Montenegro by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Montenegro in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Montenegro by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Montenegro, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Montenegro by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Montenegro in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Montenegro by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Montenegro in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Montenegro by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Montenegro, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Montenegro by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Montenegro in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Montenegro by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Montenegro in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Montenegro by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Montenegro, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Montenegro by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Montenegro in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Montenegro by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Montenegro in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Montenegro by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Montenegro, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Montenegro by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production walnuts in Montenegro

In kind, 2017-2020, t

Top producers of walnuts, 2017-2020

Source: SHEV.io

World map of production of walnuts, 2017-2020

Source: SHEV.io

Montenegro's walnut production has increased for the third consecutive year. In 2020, the country produced 726.5 tons of walnuts, showing only minor fluctuations compared to the previous year.

Annual dynamics of production in Montenegro in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.2%	0.2%	0.1%	0.5%

Source: SHEV.io

Exports walnuts from Montenegro

Exports in kind, t

The market exhibited volatility during the observed period. Exports reached their lowest point in 2018 at 1.0 ton, then surged to 15.0 tons in 2019, marking a 1,398.5% increase year-over-year. This represents a 15-fold gap between the two years, with the largest decline of 85.7% occurring in 2018.

Annual dynamics of product's exports from Montenegro in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(85.7%)	1 398.5%	n/a	-

Source: SHEV.io

From 2017 to 2020, Albania consistently held the leading position in Montenegro's walnut exports by volume, accounting for 4.3% of total flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Montenegro in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Market performance showed noticeable fluctuations over this period. Exports in value terms hit a low of 6 thousand US dollars in 2018, then peaked at 63 thousand US dollars in 2019, an 874.4% rise from the previous year. This created a 9.7-fold gap, with the largest decline of 88.1% recorded in 2018.

Annual dynamics of product's exports from Montenegro in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(88.1%)	874.4%	n/a	-

Source: SHEV.io

Between 2017 and 2020, Albania remained the core market for Montenegro's walnut exports in value terms, representing 5.2% of total flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Montenegro in value, 2017-2020

Source: SHEV.io

Imports walnuts to Montenegro

Imports in kind, t

After two years of growth, Montenegro's walnut imports declined. The volume reached a maximum of 492.7 tons in 2019, then dropped sharply to 200.9 tons in 2020, a 59.2% decrease year-over-year. From 2017 to 2020, imports fell by 24.8%, equivalent to an annualized rate of 9.1%. The largest increase of 42.6% occurred in 2018.

Annual dynamics of product's imports to Montenegro in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	42.6%	29.3%	(59.2%)	(9.1%)

Source: SHEV.io

During 2017–2020, Ukraine and Moldova together accounted for 82.2% of Montenegro's walnut imports by volume, indicating high market concentration with a long tail of smaller suppliers.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Montenegro in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Following two years of gains, Montenegro's walnut imports in value terms contracted. Imports peaked at 2 304 thousand US dollars in 2019, then fell to 940 thousand US dollars in 2020, a 59.2% drop compared to the previous year. Over the 2017–2020 period, imports decreased by 45.2%, translating to an annualized rate of 18.2%. The largest increase of 24.7% was recorded in 2018.

Annual dynamics of product's imports to Montenegro in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	24.7%	7.6%	(59.2%)	(18.2%)

Source: SHEV.io

From 2017 to 2020, Ukraine and Moldova jointly represented 80.9% of the total value of walnut imports to Montenegro, with the remainder distributed among smaller markets.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Montenegro in value, 2017-2020

Source: SHEV.io