Russian pine nut exports further tightened, Chinese companies' procurement and processing may be restricted

Russia is one of the world's major suppliers of pine nuts. Alexander Deev, chairman of the Russian Wild Plants Association, estimates that the average annual production of pine nuts varies from region to region, but the average annual production of pine nuts in Russia is between 25,000 and 30,000 tons, sometimes even more. Deev cited data from the Trade Map website, saying that the size of the global pine nut market in 2022 was $888 million, of which $719 million was shelled pine nut kernels and $169 million was shelled pine nuts. The size of the global pine nut market shrank by 60% in 2023, falling to $585 million. According to Trade According to data from the Map website, in 2023, Russia exported pine nuts worth $101 million to the global market, of which $73.27 million were pine nut kernels and $27.9 million were shelled pine nuts. Deev expects that in 2024, the demand for Russian pine nuts will increase by $250 million, or 25,000 tons of pine nuts, the same as in 2022. ...