Ukraine - Walnuts - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Ukraine - Walnuts - Market Analysis, Forecast, Size, Trends and Insights

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Walnut Price in Ukraine - 2023

Contents:

  1. Walnut Price in Ukraine (FOB) - 2023
  2. Walnut Price in Ukraine (CIF) - 2022
  3. Walnut Exports in Ukraine
  4. Walnut Imports in Ukraine

Walnut Price in Ukraine (FOB) - 2023

The average walnut export price stood at $1,134 per ton in August 2023, growing by 71% against the previous month. Over the period under review, export price indicated pronounced growth from October 2022 to August 2023: its price increased at an average monthly rate of +3.0% over the last ten-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, walnut export price increased by +70.7% against July 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Georgia ($1,400 per ton), while the average price for exports to Bulgaria ($570 per ton) was amongst the lowest.

From October 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Walnut Price in Ukraine (CIF) - 2022

In 2022, the average walnut import price amounted to $7,982 per ton, approximately equating the previous year. In general, the import price posted buoyant growth. The growth pace was the most rapid in 2020 when the average import price increased by 237%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($41,500 per ton), while the price for Turkey ($6,321 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+85.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Walnut Exports in Ukraine

For the third year in a row, Ukraine recorded decline in overseas shipments of walnuts, which decreased by -32.1% to 5.3K tons in 2022. Overall, exports faced a dramatic downturn. The smallest decline of -24.9% was in 2021.

In value terms, walnut exports fell rapidly to $4.8M in 2022. Over the period under review, exports saw a significant decrease. The growth pace was the most rapid in 2021 with an increase of 5.9%.

Export of Walnut in Ukraine (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey8.44.13.71.6-42.5%
Azerbaijan2.51.20.91.4-17.6%
Moldova0.10.10.20.571.0%
Iraq3.90.90.80.5-49.6%
DenmarkN/AN/AN/A0.20%
Romania0.1N/A0.20.10.0%
Albania0.60.20.30.1-45.0%
PolandN/AN/AN/A0.10%
United Arab Emirates1.00.1N/AN/A-90.0%
Others5.72.53.50.4-58.8%
Total22.49.19.64.8-40.2%

Top Export Markets for Walnut from Ukraine in 2022:

  1. Turkey (1753.7 tons)
  2. Azerbaijan (1471.8 tons)
  3. Iraq (696.8 tons)
  4. Moldova (646.5 tons)
  5. Romania (113.0 tons)
  6. Poland (106.0 tons)
  7. Denmark (93.5 tons)
  8. Albania (50.0 tons)
  9. United Arab Emirates (19.0 tons)

Walnut Imports in Ukraine

In 2022, approx. 56 kg of walnuts were imported into Ukraine; approximately equating 2021. Overall, imports continue to indicate a sharp downturn. The smallest decline of -99.8% was in 2020.

In value terms, walnut imports stood at $447 in 2022. Over the period under review, imports recorded a dramatic setback. The smallest decline of -99.2% was in 2020.

Import of Walnut in Ukraine (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey4.80.8N/A0.3-60.3%
United States3.3N/AN/A0.1-68.8%
KazakhstanN/AN/AN/AN/A0%
Chile41.5N/AN/AN/A0%
China42.7N/AN/AN/A0%
France4.6N/AN/AN/A0%
Others11.00.1N/AN/A-99.1%
Total1080.9N/A0.4-84.5%

Top Suppliers of Walnut to Ukraine in 2022:

  1. Turkey (53.0 kg)
  2. United States (2.0 kg)
  3. Kazakhstan (1.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the walnut market in Ukraine. 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:

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in Ukraine
    • 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:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. 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. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS
    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. MARKET STRUCTURE
      3. TRADE BALANCE
      4. PER CAPITA CONSUMPTION
      5. MARKET FORECAST TO 2030
    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT
    5. 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
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES
    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS
    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY
    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY
    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
    11. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption In 2012-2023
      5. Imports, In Physical Terms, By Country, 2012–2023
      6. Imports, In Value Terms, By Country, 2012–2023
      7. Import Prices, By Country Of Origin, 2012–2023
      8. Exports, In Physical Terms, By Country, 2012–2023
      9. Exports, In Value Terms, By Country, 2012–2023
      10. Export Prices, By Country Of Destination, 2012–2023
    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
      4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
      5. Trade Balance, In Physical Terms, 2012-2023
      6. Trade Balance, In Value Terms, 2012-2023
      7. Per Capita Consumption, 2012-2023
      8. Market Volume Forecast to 2030
      9. Market Value Forecast to 2030
      10. Products: Market Size And Growth, By Type
      11. Products: Average Per Capita Consumption, By Type
      12. Products: Exports And Growth, By Type
      13. Products: Export Prices And Growth, By Type
      14. Production Volume And Growth
      15. Exports And Growth
      16. Export Prices And Growth
      17. Market Size And Growth
      18. Per Capita Consumption
      19. Imports And Growth
      20. Import Prices
      21. Production, In Physical Terms, 2012–2023
      22. Production, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, 2012–2023
      24. Imports, In Value Terms, 2012–2023
      25. Imports, In Physical Terms, By Country, 2023
      26. Imports, In Physical Terms, By Country, 2012–2023
      27. Imports, In Value Terms, By Country, 2012–2023
      28. Import Prices, By Country Of Origin, 2012–2023
      29. Exports, In Physical Terms, 2012–2023
      30. Exports, In Value Terms, 2012–2023
      31. Exports, In Physical Terms, By Country, 2023
      32. Exports, In Physical Terms, By Country, 2012–2023
      33. Exports, In Value Terms, By Country, 2012–2023
      34. Export Prices, By Country Of Destination, 2012–2023
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