Eastern Asia: Walnut Market 2024

Walnut Market Size in Eastern Asia

The East Asian walnut market amounted to $X in 2022, remaining stable against the previous year. The total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2018 indices. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Walnut Production in Eastern Asia

In value terms, walnut production shrank to $X in 2022 estimated in export price. In general, production, however, recorded a prominent expansion. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

The country with the largest volume of walnut production was China (X tons), accounting for X% of total volume.

In China, walnut production expanded at an average annual rate of X% over the period from 2012-2022.

In 2022, the average yield of walnuts in Eastern Asia reduced modestly to X tons per ha, approximately equating the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the walnut yield reached the maximum level at X tons per ha in 2021, and then declined modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of walnuts production in Eastern Asia amounted to X ha, therefore, remained relatively stable against 2021. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to walnut production reached the maximum at X ha in 2016; however, from 2017 to 2022, the harvested area stood at a somewhat lower figure.

Walnut Exports

Exports in Eastern Asia

Walnut exports contracted dramatically to X tons in 2022, with a decrease of X% compared with 2021. Overall, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then reduced remarkably in the following year.

In value terms, walnut exports contracted remarkably to $X in 2022. Over the period under review, exports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted markedly in the following year.

Exports by Country

China (X tons) represented roughly X% of total exports in 2022.

China was also the fastest-growing in terms of the walnuts exports, with a CAGR of X% from 2012 to 2022. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest walnut supplier in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, walnut export price decreased by X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Walnut Imports

Imports in Eastern Asia

Walnut imports amounted to X tons in 2022, approximately mirroring 2021 figures. Overall, imports, however, showed a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, walnut imports reached $X in 2022. Over the period under review, imports, however, showed a precipitous decrease. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China prevails in imports structure, amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by South Korea (X tons), creating a X% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

Imports into China decreased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported walnuts in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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