Walnuts Price Trend

Walnuts Prices December 2023

In the fourth quarter of 2023, the price of walnuts in the United States reached 2607 USD/MT by December. Similarly, in the United Kingdom, the walnuts prices hit 5785 USD/MT in the same month.

Walnuts Price Trend, Market Analysis, and News

IMARC's latest publication, “Walnuts Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the walnuts market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of walnuts at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed walnuts price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting walnuts pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Walnuts Market Analysis

The global walnuts market size reached US$ 2.67 Million Tons in 2023. By 2032, IMARC Group expects the market to reach US$ 3.87 Million Tons, at a projected CAGR of 4.20% during 2023-2032.

• Increasing health consciousness and the search for healthier foods constitute another important factor influencing the walnut market. These nuts are highly recommended as they contain omega-3 fatty acids, antioxidants, vitamins, and minerals that are useful in the improvement of cardiovascular disease, further enhancement of the brain, and have anti-inflammatory components. As reported by the US Department of Agriculture, the consumption of walnuts produced or imported by the United States has been growing year-on-year and was estimated to be 672,000 tons in 2022. This is due to increased concern with organic foods that are rich in nutrients such as plant foods and those that millennials and other informed consumers are considering in their diet. Another benefit of walnuts is reduced cholesterol and improved digestive system hence making it even more appealing. These are some points that depict the benefits of walnuts which leads to an increase in the demand for walnuts making the market steady. Currently, health campaigns and nutritional research demonstrate the effectiveness of walnuts, thus preserving their superfood status and stimulating demand.
• Consumption of walnuts has shifted toward the food industry in various forms such as snacks, bakery products, cereals, and dairy substitutes. According to the U.S. Department of Agriculture (USDA), walnuts hold prominent positions in healthy snacking, granola products, and nutritious confectionary due to the increasing consumer trends toward nutrient-dense, delicious snacks. The adaptability of the walnut in food preparation makes the tray an item of choice among food producers. The USDA indicated that there was an increased usage of walnuts by the food manufacturing sector in 2023 and had risen by 5% when compared with the previous year. Due to their special taste crunchy characteristics and essential nutrients, walnuts are useful and promising for incorporation into traditional and newly conceptualized food commodities. Besides, the encouragement of plant-based diets and the trend toward clean labels have escalated the application of walnuts in the food field and promoted the development of the market.
• The market for the export of walnuts is a major factor that contributes to the growth of the walnut industry due to the increased demand for walnuts in countries such as China, India, and Germany amongst others. As reported by the U.S. Department of Agriculture (USDA), the country exported 350,000 plus metric tons of walnuts in the year 2022 pointing out the raised global consumption trend. In China, the increasing number of middle-income consumers and the further improvement of consumers’ disposable income can explain the prosperity of walnut importation due to healthy and high-quality food choices. Also, an increase in the health food market and an increase in awareness about the nutrient contents of walnuts is the reason for its growth in India. According to the UDSA, exports of walnuts to these countries were up by 7% in 2022; it means that the international market is critical to the sustainability of the walnut market. Marketing and promotional campaigns, favorable trade relations, and the quality of the U. S. walnuts enhance their performance in international markets and the growth of the walnut business.

Walnuts News

The report covers the latest developments, updates, and trends impacting the price of walnuts, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the walnuts price trend.

Latest developments in the walnuts industry:

• In April 2024, Chilean walnut production decreased by 15-25% compared to 2023, primarily due to adverse weather conditions and reduced yields, impacting the overall supply and potentially affecting global walnut market prices and availability.
• In August 2023, The California Walnut Board reported that ahead of an annual estimate by the US Department of Agriculture for California walnut production, the outlook for 2023 appears significantly positive.

Product Description

Walnuts are the edible seeds of a tree belonging to the Juglans species, especially the Persian or English walnut. These nuts have a stiff, thick outer husk which must be broken to reveal the soft, two-lobed, brain-like enclosed core. American or Persian walnuts are popular nuts that contain high amounts of Healthy fats, proteins, Vitamins, and minerals. Moreover, omega-3 fatty acids, antioxidants, and dietary fiber are some of the nutrients that are readily available from the fish.

Walnuts are believed to have originated in Persia and were called “the royal nut.” Now, they are cultivated in various countries including the USA, China, and Iran. Walnuts are esteemed to be very flexible when it comes to culinary, used for baking, cooking, and for toppings of salads and cereals. They are eaten fresh or baked as a healthy food delicacy.

In addition to their roles in cooking, walnuts are valued for their positive impacts on people’s health. They have been associated with better heart health, cognitive function, and a decrease in inflammation thus improved health. These fruits are equally packed with antioxidants that play the role of reducing oxidative stress and therefore they are important in the diet plan.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the walnuts price trend. 

Global Walnuts Price

The report offers a holistic view of the global walnuts pricing trends in the form of walnuts price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of walnuts, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed walnuts demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Walnuts Price

European walnuts prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for walnuts can also be provided for an extensive list of European countries.

North America Walnuts Price

The analysis of walnuts prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific walnuts historical data within the United States and Canada can also be provided.

Middle East and Africa Walnuts Price

The report explores the walnuts pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Walnuts Price

The walnuts pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This walnuts price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Walnuts Price

The analysis of walnuts prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of walnuts pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting walnuts price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The walnuts price charts ensure our clients remain at the forefront of the industry.