As we know, walnut (Juglans sp.) is the most significant temperate nut fruit. Walnuts in India are found in diverse sizes and shapes. Based on walnut export data, the United States is the world's biggest producer and exporter of walnuts, and India is one of its largest importers. In 2023, US walnut exports to India are valued at $100 million, representing a 10% increase from the previous year, as per walnut import data. In this blog post, we will take a closer look at US walnut exports to India, including the key product categories, the challenges facing US walnut exporters, and the opportunities that exist in this growing market. We will also provide an overview of the latest product trade data for US walnut exports to India.
Walnuts hold the most significant position among the regularly produced nut crops in India's northern regions. From the northwest Himalayas to the northeastern Hill region, the agro-climatic conditions of India's Himalayan region are ideally suited for commercial walnut development. The major walnut-growing states are Jammu and Kashmir, Himachal Pradesh, Maharashtra, and Uttaranchal.
India's demand for walnuts is increasing significantly. The demand for walnuts in India is estimated to continue to grow in the coming years. There are several major factors, such as:
Did you know? 99% of walnuts in the US are grown in California’s Central Valley
The market for walnuts globally is shifting. Although the US remains the world's largest exporter, emerging competitors like China, Chile, and Ukraine are progressively gaining importance. The walnut market is projected to grow by USD 2,144.65 million, and the market size is evaluated to increase at a CAGR of 4.93% between 2022 and 2027, as per walnut export data.
The US walnut industry initiated the new export season in September 2022, with a 17% decline in exports compared to the same month in 2021 based on Export Import data. A total of 5,137 mt of shelled and unshelled walnuts were shipped overseas in September 2022. The most critical exports declined to Spain, Turkey, Italy, and Germany. The only primary market to see an increase in exports was the UK. The US walnut industry is facing challenges in the new export season.
Regarding imports, the EU and Turkey remain the leading markets with steady demand, while imports into the UAE and India are increasing rapidly as per walnut import data. In 2021/22, US production will likely decline after a record crop in the previous season. US walnut production will stay relatively balanced in the next few years.
Based on walnut import data, the top importers of walnuts, fresh or dried, shelled, were:
With nearly 25% of all imports in 2022, China was the world's top importer of walnuts as per import export data. In all the above-mentioned nations, the demand for walnuts is rising due to factors like rising earnings, accelerating urbanization, and greater public awareness of the positive health benefits of walnuts.
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As per the walnut exporters data, these are the top exporting countries of walnuts:
The top exporters of walnuts globally are the United States, Chile, China, and Turkey. Over $1.2 billion worth of walnuts were shipped from the United States in 2022, making up more than one-third of all walnut exports worldwide.
Walnuts are exported from the United States to countries around the world, although their top export destinations are China, India, Vietnam, Turkey, and Germany, based on walnut exporter data. All of these regions are experiencing an increase in demand for walnuts, and the US is well-positioned to meet this demand.
India's appetite for walnuts exported from California is increasing steadily as more individuals learn about their health benefits, and the daily consumption of the critical dry fruit in the country is likely to double in the next 10 to 15 years, a top industry official has stated. California walnuts account for 99 percent of the commercial US supply and nearly 50 percent of the world trade.
In India, consumption peaked in 2020 before COVID-19 disrupted the international supply chains and upended walnut exports from almost 19,000 metric tons in 2020 to just 6,500 metric tons the previous year.
"The desire for walnuts in India has been increasing very steadily, year after year, as more people understand the health benefits and also eat them other than just at the time of the festive season," Pamela Graviet, Senior Director, Global Programs, California Walnut Commission & Board, stated.
High production costs associated with walnuts are the major challenge for the growth of the walnut market. In some countries, there is a lack of awareness of the health advantages, current market statistics, market trends, etc. This can limit demand for walnuts in the global economy.
Due to their use of inadequate market information, traders face complexities in the exporting procedure for walnut products. It is advisable to obtain export data on walnuts from reputable trade platforms that can meet their quality and food safety standards and provide the most updated information. One of the best market research platforms is Seair Exim Solutions, where you can obtain the harmonized code of walnut.
Simply, you need to visit Seair Exim Solutions' data-driven dashboard to analyze the walnut HS code, India export import data, and much more. Seair Exim Solutions is a platform that provides import export data and offers reliable, current, and authentic information about global trade for 100+ countries.
Along with other items, we also offer US Import data and an updated US importer list. From beginning to end, we think it’s pretty clear that walnuts are a fantastic food, and we hope you agree. Based on the market report, Walnut Market was valued at USD 6504 million in 2020 and is projected to reach USD 9702 million by 2028, growing at a CAGR of 5.15% from 2021 to 2028. Finding the best quality walnuts needs a well research market report, so if you have any queries regarding US Imports data or Export Data India, speak to our experienced professionals for insights on current market scenarios and book a free live demo today!
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