Lithuania: Walnut Market 2024

Walnut Market Size in Lithuania

In 2022, the Lithuanian walnut market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw a remarkable increase. Walnut consumption peaked in 2022 and is likely to see steady growth in the near future.

Walnut Production in Lithuania

In value terms, walnut production shrank dramatically to $X in 2022 estimated in export price. Overall, production saw a dramatic curtailment. Walnut production peaked at $X in 2021, and then shrank dramatically in the following year.

The average yield of walnuts in Lithuania stood at X kg per ha in 2022, remaining stable against the year before. Over the period under review, the yield saw a relatively flat trend pattern. The walnut yield peaked in 2022 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the walnut harvested area in Lithuania shrank remarkably to X ha, which is down by X% compared with the previous year. Overall, the harvested area faced a dramatic decrease. Over the period under review, the harvested area dedicated to walnut production reached the maximum at X ha in 2021, and then dropped rapidly in the following year.

Walnut Exports

Exports from Lithuania

For the third consecutive year, Lithuania recorded decline in overseas shipments of walnuts, which decreased by X% to X tons in 2022. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, walnut exports declined significantly to $X in 2022. Over the period under review, exports showed a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for walnut exports from Lithuania, accounting for a X% share of total exports. Moreover, walnut exports to Turkey exceeded the volume sent to the second major destination, Latvia (X tons), ninefold. The third position in this ranking was taken by Belarus (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Belarus (X% per year).

In value terms, Turkey ($X) emerged as the key foreign market for walnuts exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Latvia ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Sweden (X% per year).

Export Prices by Country

The average walnut export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (X%), while the prices for the other major destinations experienced a decline.

Walnut Imports

Imports into Lithuania

In 2022, after two years of decline, there was significant growth in overseas purchases of walnuts, when their volume increased by X% to X tons. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, walnut imports skyrocketed to $X in 2022. In general, imports saw a notable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of walnut to Lithuania, accounting for a X% share of total imports. Moreover, walnut imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of walnuts to Lithuania, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average walnut import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, showed a perceptible decline. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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