Nuts

Walnuts: EU spending hits record high

April 25, 2023 at 8:13 AM , Der AUDITOR
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BRUSSELS/SACRAMENTO. Buyers in the EU were certainly prepared to pay more for walnuts in 2022 as Eurostat’s recently issued import data shows. The import value, in fact, rose by 29% to a record EUR 668.824 million in 2022 as opposed to the EUR 518.316 million spent in 2021.

US are leading supplier

In terms of volume imports rose by a much more moderate 8%, mainly driven by a 20% hike in imports from the USA. Chile also increased shipments to the EU by 5% and prospects are highly promising for 2023/2024. Not only is inshell production expected to rise to 190,000-192,000 mt according to official estimates but freight rates are also down and demand for the country’s high-quality kernels should remain high. Producers, however, report that kernel sizes are smaller than usual due to the high temperatures witnessed in spring and summer. Chandler output may also range 10-15% lower than in 2022/2023.

Although shipments from Ukraine slumped by 21%, the country remains an important supplier for the EU. Inshell production declined by 8% to 78,000 mt in 2022/2023 as official estimates suggest and there is little hope that Russia will stop its aggressive war in the country. The world’s leading producer China, by contrast, increased shipments to the EU by 26% and will certainly gain a stronger foothold in the bloc as production is expected to continue to grow. China produced 1.4 million mt of walnuts in 2022/2023.

EU walnut imports (mt)

Country

2021

2022

Diff

USA

50,805

60,770

19.6%

Chile

21,216

22,272

5.0%

Ukraine

18,045

14,267

-21.0%

China

6,415

8,075

25.9%

Moldova

4,932

3,774

-23.5%

Kyrgyzstan

-

918

-

India

353

695

96.9%

Argentina

330

287

-13.1%

Turkey

62

260

319.3%

Australia

441

260

-61.1%

Others

878

631

-28.2%

Total

103,477

112,209

8.4%

HS Code 08023200 – Fresh or dried walnuts, shelled
Eurostat (Comext) 20/03/23

Weak US exports

Although Europe is indeed the leading export destination for US walnuts this season, it should be noted that shipment to here range 10% lower than last year at 84 million pounds for September 2022 till March 2023. Domestic shipments, by contrast, rose by 20%, whereas US walnut exports ranged 7% lower. March highlighted this divide as domestic shipments rose by 43% to 23 million pounds, but exports slipped by 12% to 35 million pounds. Shipments to the top three destinations Germany, Japan and Korea have dropped by double digits and are 8% down in Spain. Shipments to the Netherlands and Canada have, by contrast, risen.

US walnut shipments, shelled, in 1,000 pounds

Destination

2021/22

2022/23

Diff.

USA

116,510

138,787

19.1%

Germany

47,688

36,449

-23.5%

Japan

31,382

19,939

-36.5%

Korea

20,358

18,125

-11.0%

Spain

19,277

17,637

-8.5%

Netherlands

12,029

12,701

5.6%

Canada

9,470

10,710

13.1%

Jordan

2,721

8,184

200.8%

UK

4,633

7,292

57.4%

Israel

9,057

7,045

-22.2%

Others

140,001

40,342

-71.2%

Grand Total

308,267

317,211

2.9%

Domestic Total

116,510

138,787

19.1%

Export Total

191,757

178,423

-6.95%

California Walnut Board, Monthly Shipment Report March 2023
01/09-31/03

 

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