MENA: Chestnut Market 2024

Chestnut Market Size in MENA

The MENA's chestnut market dropped to $X in 2022, declining by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Chestnut Production in MENA

In value terms, chestnut production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Turkey (X tons) remains the largest chestnut producing country in MENA, comprising approx. X% of total volume. Moreover, chestnut production in Turkey exceeded the figures recorded by the second-largest producer, Saudi Arabia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Turkey stood at X%.

The average chestnut yield fell modestly to X tons per ha in 2022, remaining stable against the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The chestnut harvested area rose slightly to X ha in 2022, increasing by X% compared with the previous year's figure. Over the period under review, the harvested area showed a mild expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Chestnut Exports

Exports in MENA

In 2022, chestnut exports in MENA skyrocketed to X tons, with an increase of X% against the previous year. In general, exports continue to indicate resilient growth. The growth pace was the most rapid in 2014 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, chestnut exports fell to $X in 2022. Overall, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), achieving a X% share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (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 2012-2022. While the share of Turkey (X p.p.) and the United Arab Emirates (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest chestnut supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to X%.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price showed a slight curtailment. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, 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 Turkey ($X per ton), while the United Arab Emirates stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Chestnut Imports

Imports in MENA

In 2022, overseas purchases of chestnuts decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports showed a noticeable reduction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, chestnut imports shrank modestly to $X in 2022. Over the period under review, imports saw a slight descent. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of chestnut imports in 2022 were Israel (X tons), Jordan (X tons), Lebanon (X tons), Iraq (X tons) and the United Arab Emirates (X tons), together accounting for X% of total import. It was distantly followed by Kuwait (X tons), committing a X% share of total imports. Turkey (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Jordan ($X) and Lebanon ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The United Arab Emirates, Kuwait, Iraq and Turkey lagged somewhat behind, together accounting for a further X%.

Iraq, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Jordan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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