Market research

Walnuts market in South America

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"South America" region includes following countries:

Argentina

Bolivia

Bouvet Island

Brazil

Chile

Colombia

Ecuador

Falkland Islands (Malvinas)

South Georgia and the South Sandwich Islands

French Guiana

Guyana

Paraguay

Peru

Suriname

Uruguay

Venezuela

Earlier Report Observations

The walnut market in South America contracted sharply to 50 thousand tons in 2019 from 90 thousand tons the previous year, as Chilean growers shifted land toward more profitable crops like cherries and citrus, reducing new walnut orchard plantings and limiting production growth. Market volume rebounded to 74 thousand tons in 2020 after the COVID-19 pandemic disrupted export logistics during the harvest season, temporarily lowering shipments abroad and increasing domestic availability.

Despite persistent water scarcity and the removal of unproductive orchards in Chile, market volume gradually recovered to 85 thousand tons by 2023. Growth slowed as record global harvests, particularly from the United States, suppressed international prices, contributing to a drop in the market's value to $272 million in 2023. Chilean exports were also constrained by a 100% tariff in India and growing competition from Chinese suppliers.

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. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in South America
  1. 5.1.1. Annual dynamics of production in South America in kind, 2018-2023, K t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K 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, K 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. Exports
1. 6.1. Exports (Direct Data*)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's exports from Argentina in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from Argentina by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Argentina in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Argentina by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Argentina by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's exports from Argentina in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from Argentina by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Argentina in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Argentina by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Argentina by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data*)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Argentina by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Argentina by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ 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 South America

In kind, 2017-2020, K t

Top producers of walnuts, 2017-2020

Source: SHEV.io

World map of production of walnuts, 2017-2020

Source: SHEV.io

In 2020, South America produced 163.3 thousand tons of walnuts, marking a 9.6% increase from the previous year. Looking at the period from 2017 to 2020, production grew by 29%, which translates to an annualized growth rate of 8.9%. The highest production level was recorded in 2018 at 177.9 thousand tons. In 2019, production experienced its largest decline of 16.2%, while the biggest increase occurred in 2018 with a 40.5% rise.

Annual dynamics of production in South America in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	40.5%	(16.2%)	9.6%	8.9%

Source: SHEV.io

In value, 2017-2020, M $ US

In 2020, the value of walnut production in South America reached 692.0 million US dollars, up 8.3% compared to 2019. Over the four-year span from 2017 to 2020, production value decreased by 2.8%, averaging an annual decline of 1.0%. The lowest value was recorded in 2019 at 639.1 million US dollars, while the peak occurred in 2018 at 862.1 million US dollars. The most significant drop happened in 2019 with a 25.9% decrease, and the largest increase was in 2018 with a 21.0% rise.

Annual dynamics of production in South America in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	21.0%	(25.9%)	8.3%	(1.0%)

Source: SHEV.io

Exports walnuts from South America

Exports in kind, K t

After two consecutive years of growth, South America's walnut exports declined in 2020, totaling 97.1 thousand tons—an 8.6% drop from 2019. From 2017 to 2020, exports increased by 14%, with an annualized growth rate of 4.5%. The highest export volume was recorded in 2019 at 106.2 thousand tons, which also saw the largest increase of 12.3%.

Annual dynamics of product's exports from South America in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	11.2%	12.3%	(8.6%)	4.5%

Source: SHEV.io

Between 2017 and 2020, South America's walnut exports in volume terms were distributed across numerous markets. Turkey accounted for 22.2% of exports, Italy for 11.7%, and the United Arab Emirates for 9.8%. Together, these three countries represented 43.7% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

South America's walnut exports in value terms declined for the third year in a row in 2020, reaching 411.2 million US dollars—a 9.7% decrease from the previous year. From 2017 to 2020, exports fell by 14.1%, with an annualized decline of 4.9%.

Annual dynamics of product's exports from South America in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.2%)	(0.7%)	(9.7%)	(4.9%)

Source: SHEV.io

From 2017 to 2020, South America's walnut exports in value terms were not highly concentrated. Germany held a 14.8% share, Turkey 14.3%, and Italy 11.3%. Combined, these three markets accounted for 40.4% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports walnuts to South America

Imports in kind, K t

South America's walnut imports in volume terms increased for the second consecutive year in 2020, standing at 7.6 thousand tons—a 0.9% rise year-over-year. Over the period from 2017 to 2020, imports grew by 15.4%, with a compound annual growth rate of 4.9%. The lowest import volume was recorded in 2018 at 6.3 thousand tons, which also saw the largest decline of 3.2%. The most significant increase occurred in 2019 with an 18.2% jump.

Annual dynamics of product's imports to South America in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.2%)	18.2%	0.9%	4.9%

Source: SHEV.io

From 2017 to 2020, the United States was the leading source for South America's walnut imports in volume terms, accounting for 4.1% of total imports.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

South America's walnut imports in value terms declined for the third consecutive year in 2020, reaching 43.1 million US dollars—down 4.5% from 2019. Over the 2017-2020 period, imports decreased by 13.5%, with a compound annual decline of 4.7%.

Annual dynamics of product's imports to South America in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.9%)	(4.8%)	(4.5%)	(4.7%)

Source: SHEV.io

Between 2017 and 2020, the United States remained the primary and most stable source for South America's walnut imports in value terms, representing 3.0% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io