MENA: Shelled Walnut Market 2024

Shelled Walnut Market Size in MENA

In 2023, the MENA's shelled walnut market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. Overall, consumption recorded strong growth. The level of consumption peaked at $X in 2022, and then shrank in the following year.

Shelled Walnut Production in MENA

In value terms, shelled walnut production dropped to $X in 2023 estimated in export price. Overall, production recorded prominent growth. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Shelled Walnut Exports

Exports in MENA

In 2023, shipments abroad of shelled walnuts decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. In general, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2022, and then shrank in the following year.

In value terms, shelled walnut exports dropped sharply to $X in 2023. Overall, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2016 with an increase of X%. The level of export peaked at $X in 2022, and then shrank significantly in the following year.

Exports by Country

Turkey was the key exporting country with an export of about X tons, which resulted at X% of total exports. Iran (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Syrian Arab Republic (X%) and the United Arab Emirates (X%).

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%), Syrian Arab Republic (X%) and Iran (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Turkey and the United Arab Emirates increased by X and X percentage points, respectively.

In value terms, Turkey ($X) remains the largest shelled walnut supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Syrian Arab Republic ($X), with a X% share of total exports. It was followed by Iran, with an X% share.

In Turkey, shelled walnut exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Syrian Arab Republic (X% per year) and Iran (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Shelled Walnut Imports

Imports in MENA

For the fourth consecutive year, MENA recorded growth in purchases abroad of shelled walnuts, which increased by X% to X tons in 2023. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the immediate term.

In value terms, shelled walnut imports shrank to $X in 2023. Total imports indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2023, Turkey (X tons), distantly followed by the United Arab Emirates (X tons), Israel (X tons), Iraq (X tons), Saudi Arabia (X tons) and Jordan (X tons) represented the largest importers of shelled walnuts, together creating X% of total imports. The following importers - Iran (X tons), Libya (X tons), Egypt (X tons), Lebanon (X tons) and Kuwait (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Libya (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest shelled walnut importing markets in MENA were the United Arab Emirates ($X), Turkey ($X) and Israel ($X), with a combined X% share of total imports. Iraq, Saudi Arabia, Jordan, Iran, Egypt, Libya, Kuwait and Lebanon lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Libya, with a CAGR of X%, recorded 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

The import price in MENA stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform