Turkey - Walnuts - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingWalnut Price in Turkey - 2023
Contents:
- Walnut Price in Turkey (CIF) - 2023
- Walnut Price in Turkey (FOB) - 2023
- Walnut Imports in Turkey
- Walnut Exports in Turkey
Walnut Price in Turkey (CIF) - 2023
The average walnut import price stood at $1,737 per ton in July 2023, growing by 32% against the previous month. Over the period under review, the import price, however, recorded a noticeable downturn. The import price peaked at $2,241 per ton in September 2022; however, from October 2022 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Chile ($2,154 per ton), while the price for Ukraine ($640 per ton) was amongst the lowest.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Walnut Price in Turkey (FOB) - 2023
The average walnut export price stood at $1,835 per ton in July 2023, with an increase of 22% against the previous month. In general, the export price, however, saw a pronounced downturn. Over the period under review, the average export prices hit record highs at $2,402 per ton in September 2022; however, from October 2022 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Egypt ($2,095 per ton), while the average price for exports to Algeria ($1,270 per ton) was amongst the lowest.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (-0.2%), while the prices for the other major destinations experienced a decline.
Walnut Imports in Turkey
In 2022, the amount of walnuts imported into Turkey contracted to 70K tons, with a decrease of -10.6% against the previous year. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 28%.
In value terms, walnut imports reached $160M in 2022. In general, imports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2021 when imports increased by 8.1% against the previous year.
| Import of Walnut in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 86.0 | 81.7 | 74.5 | 78.5 | -3.0% |
| Chile | 47.3 | 26.6 | 44.1 | 47.9 | 0.4% |
| China | 12.6 | 25.1 | 25.3 | 25.7 | 26.8% |
| Iran | 1.5 | 0.2 | 0.9 | 2.6 | 20.1% |
| Ukraine | 15.2 | 3.6 | 1.2 | 1.8 | -50.9% |
| Uzbekistan | 3.3 | 2.4 | 4.2 | N/A | 12.8% |
| Others | 10.8 | 3.3 | 4.4 | 3.8 | -29.4% |
| Total | 177 | 143 | 155 | 160 | -3.3% |
Top Suppliers of Walnut to Turkey in 2022:
- Uzbekistan (undefinedK tons)
- United States (31.4K tons)
- Chile (21.3K tons)
- China (10.1K tons)
- Iran (3.1K tons)
- Ukraine (1.5K tons)
Walnut Exports in Turkey
After two years of decline, overseas shipments of walnuts increased by 30% to 19K tons in 2022. The total export volume increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, walnut exports skyrocketed to $49M in 2022. The total export value increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Walnut in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 29.5 | 27.6 | 18.7 | 24.5 | -6.0% |
| Syrian Arab Republic | N/A | N/A | N/A | 7.8 | 0% |
| Algeria | 1.4 | 1.4 | 0.6 | 5.0 | 52.9% |
| Azerbaijan | 5.0 | 8.0 | 6.7 | 3.6 | -10.4% |
| United Arab Emirates | N/A | N/A | N/A | 1.9 | 0% |
| Morocco | 1.5 | 1.6 | 2.4 | 1.6 | 2.2% |
| Libya | N/A | 0.1 | 0.5 | 1.4 | 274.2% |
| Iran | 3.6 | 0.6 | 0.4 | 0.6 | -45.0% |
| Others | 2.9 | 4.0 | 4.8 | 3.0 | 1.1% |
| Total | 43.8 | 43.3 | 34.1 | 49.4 | 4.1% |
Top Export Markets for Walnut from Turkey in 2022:
- Iraq (9.5K tons)
- Syrian Arab Republic (3.2K tons)
- Algeria (2.0K tons)
- Azerbaijan (1.6K tons)
- United Arab Emirates (0.6K tons)
- Libya (0.5K tons)
- Morocco (0.5K tons)
- Iran (0.2K tons)
This report provides an in-depth analysis of the walnut market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 222 - Walnuts
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
1611
This report provides an in-depth analysis of the walnut market in Turkey.
590
This report provides an in-depth analysis of the nuts market in Turkey.
1095
This report provides an in-depth analysis of the almond market in Turkey.
473
This report provides an in-depth analysis of the shelled walnut market in Turkey.
207
This report provides an in-depth analysis of the shelled hazelnut market in Turkey.
1200
This report provides an in-depth analysis of the pistachio market in Turkey.
682
This report provides an in-depth analysis of the kola nut market in Turkey.
1718
This report provides an in-depth analysis of the hazelnut market in Turkey.
790
This report provides an in-depth analysis of the chestnut market in Turkey.
808
This report provides an in-depth analysis of the areca nut market in Turkey.
267
In December 2022, the walnut price amounted to $1,707 per ton (CIF, Turkey), rising by 14% against the previous month.
112
Shelled Hazelnut exports saw a significant increase of 139% month-on-month in September 2023, but dropped to $132M in January 2024 in value terms.
113
In September 2023, the growth rate reached its highest point as shelled hazelnut exports surged by 139% compared to the previous month. The value of shelled hazelnut exports declined slightly to $111M in November 2023.
260
In January 2023, the shelled hazelnut price amounted to $6,230 per ton (FOB, Turkey), picking up by 7% against the previous month.
73
Pistachio exports reached a peak in 2023 and are projected to continue growing in the near future. The value of pistachio exports surged to $318M in 2023.
497
In July 2023, the price of Hazelnut was $2,365 per ton (FOB, Turkey), experiencing a decrease of 17.5% compared to the previous month.
2627
In 2017, the volume of the global shelled walnut consumption stood at approx. X tons. There was a robust increase from 2008-2016, but then it levelled off due to a slight decrease of the supply in China; despite that, there was an average annual i
4656
Global walnut consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
3443
In 2015, the country with the largest volume of the walnut output was China (X thousand tons), accounting for X% of global production.
1533
The U.S. continued its dominance in the global walnut trade. In 2014, the U.S. exported X thousand tons of walnuts totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of its total wa
