MENA: Walnut Market 2024

Walnut Market Size in MENA

In 2022, the MENA's walnut market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Walnut Production in MENA

In value terms, walnut production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Iran (X tons), Turkey (X tons) and Egypt (X tons), with a combined X% share of total production. Morocco and Syrian Arab Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Morocco (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average walnut yield reduced slightly to X tons per ha in 2022, waning by X% on 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the walnut yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of walnuts in MENA reduced slightly to X ha, approximately mirroring the year before. In general, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to walnut production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Walnut Exports

Exports in MENA

Walnut exports soared to X tons in 2022, picking up by X% on the year before. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, walnut exports soared to $X in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates represented the major exporter of walnuts in MENA, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Turkey (X tons), making up a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the walnuts exports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) displayed positive paces of growth. While the share of the United Arab Emirates (X p.p.) and Turkey (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) emerged as the largest walnut supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

In the United Arab Emirates, walnut exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Walnut Imports

Imports in MENA

In 2022, the amount of walnuts imported in MENA stood at X tons, flattening at the year before. In general, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, walnut imports rose modestly to $X in 2022. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X tons) and the United Arab Emirates (X tons) represented the key importers of walnuts in 2022, resulting at approx. X% and X% of total imports, respectively. Iran (X tons) ranks next in terms of the total imports with an X% share, followed by Morocco (X%) and Iraq (X%). Algeria (X tons) and Syrian Arab Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Iran ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Morocco, Iraq, Algeria and Syrian Arab Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Morocco, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, approximately equating the previous year. In general, the import price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Morocco ($X per ton) and Iran ($X per ton), while Syrian Arab Republic ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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