Middle East: Chestnut Market 2024

Chestnut Market Size in the Middle East

The Middle Eastern chestnut market shrank to $X in 2022, waning by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Chestnut Production in the Middle East

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

Turkey (X tons) constituted the country with the largest volume of chestnut production, 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.

In Turkey, chestnut production expanded at an average annual rate of X% over the period from 2012-2022.

In 2022, the average yield of chestnuts in the Middle East contracted slightly to X tons per ha, approximately equating 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the chestnut yield hit record highs at X tons per ha in 2015; however, from 2016 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of chestnuts were harvested in the Middle East; surging by X% against 2021. In general, the harvested area recorded a slight expansion. The pace of growth was the most pronounced in 2019 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Chestnut Exports

Exports in the Middle East

In 2022, the amount of chestnuts exported in the Middle East skyrocketed to X tons, increasing by X% against the previous year's figure. In general, exports saw a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 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 reduced slightly to $X in 2022. Over the period under review, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2022, average annual rates of growth with regard to chestnut exports from Turkey stood at X%. 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 the Middle East, 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 ($X) remains the largest chestnut supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price saw a slight setback. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates amounted to $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 the Middle East

In 2022, overseas purchases of chestnuts decreased by X% to X tons, falling for the fourth year in a row after two years of growth. In general, imports recorded a perceptible setback. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, chestnut imports dropped to $X in 2022. Overall, imports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the five major importers of chestnuts, namely Israel, Jordan, Lebanon, Iraq and the United Arab Emirates, represented more than two-thirds of total import. Kuwait (X tons) took the next position in the ranking, followed by Turkey (X tons). All these countries together took approx. X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of X%), while purchases 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, together comprising X% of total imports. The United Arab Emirates, Kuwait, Iraq and Turkey lagged somewhat behind, together comprising a further X%.

Iraq, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the import price in the Middle East amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, 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%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

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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