China continues to squeeze walnut competitors in the global market

According to EastFruit analysts, in 2021, the export of walnuts from China increased, according to preliminary estimates, by 60% in value terms. And this is against the background of record low prices for walnuts in the first half of the calendar year. It should be noted that several post-Soviet countries turned out to be among the main importers at once. Interestingly, China has updated the export records for inshell walnuts and walnut kernels in 2021. According to our estimates, the export of kernels has doubled over the year to 45-47 thousand tons, and the volume of exports of inshell walnuts - approximately one and a half times to 110-115 thousand tons. In total, China earned about $ 420 million from the export of walnuts in 2021, which also became a new record. Thus, at the end of 2021, China can rise to third place in the world ranking of walnut exporters, bypassing Chile and increasing the gap with Ukraine, which is still struggling, but is holding the fifth position. At ...