Global Market
Global Market Size: $6 B (2020)
-12% increase in market size compared to previous year
-Expected to gain market growth in the forecast period of 2021-2025 at 3.1% CAGR
Export Market
US: 415 M
Chile: 177 M
China: 169 M
Mexico: 94 M
France: 66 M
Turkey: 43 M
Australia: 11 M
Import Market
Mexico: 151 M
Turkey: 142 M
Italy: 119 M
UAE: 93 M
India: 57 M
Spain: 37 M
Germany: 36 M
Trends
-Chile exported 90% more nuts in 2021 Q1 compared to that of the previous year
-Chile’s production increased in Q1 2021 due to increase in planted area, favorable weather conditions, and a rebound in demand for nuts
-India is becoming a large importer of walnuts; increased from only 215 tons imported in 2013 to 23 thousand tons in 2020