Aug 30, 2025
IndexBox has just published a new report: United Kingdom – Walnuts – Market Analysis, Forecast, Size, Trends and Insights.
The walnut market in the UK is expected to continue growing steadily, with a forecasted CAGR of +1.5% in volume and +1.7% in value from 2024 to 2035. By the end of 2035, market volume is projected to reach 1.5K tons, with a value of $5.1M in nominal prices. This trend is driven by the increasing demand for walnuts in the UK market.
Market Forecast
Driven by increasing demand for walnuts in the UK, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.5% for the period from 2024 to 2035, which is projected to bring the market volume to 1.5K tons by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +1.7% for the period from 2024 to 2035, which is projected to bring the market value to $5.1M (in nominal wholesale prices) by the end of 2035.
ConsumptionUnited Kingdom’s Consumption of Walnuts
In 2024, the amount of walnuts consumed in the UK skyrocketed to 1.3K tons, jumping by 56% compared with the previous year. Over the period under review, consumption continues to indicate resilient growth. As a result, consumption attained the peak volume of 1.4K tons. From 2018 to 2024, the growth of the consumption remained at a lower figure.
The value of the walnut market in the UK surged to $4.2M in 2024, increasing by 68% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Overall, consumption continues to indicate a perceptible expansion. Over the period under review, the market hit record highs at $5.2M in 2014; however, from 2015 to 2024, consumption stood at a somewhat lower figure.
ImportsUnited Kingdom’s Imports of Walnuts
In 2024, the amount of walnuts imported into the UK soared to 1.3K tons, rising by 57% on the previous year’s figure. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 116%. As a result, imports reached the peak of 1.4K tons. From 2018 to 2024, the growth of imports remained at a lower figure.
In value terms, walnut imports skyrocketed to $3.6M in 2024. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 88% against the previous year. As a result, imports reached the peak of $6.8M. From 2015 to 2024, the growth of imports remained at a somewhat lower figure.
Imports By Country
In 2022, the United States (476 tons) constituted the largest walnut supplier to the UK, accounting for a 50% share of total imports. Moreover, walnut imports from the United States exceeded the figures recorded by the second-largest supplier, Chile (162 tons), threefold. Spain (102 tons) ranked third in terms of total imports with an 11% share.
From 2013 to 2022, the average annual rate of growth in terms of volume from the United States stood at +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+36.3% per year) and Spain (+3.6% per year).
In value terms, the United States ($1.5M) constituted the largest supplier of walnuts to the UK, comprising 49% of total imports. The second position in the ranking was held by Chile ($494K), with a 16% share of total imports. It was followed by France, with a 7.4% share.
From 2013 to 2022, the average annual rate of growth in terms of value from the United States stood at +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+27.8% per year) and France (-8.7% per year).
Import Prices By Country
In 2022, the average walnut import price amounted to $3,247 per ton, shrinking by -5.5% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The growth pace was the most rapid in 2018 when the average import price increased by 54%. The import price peaked at $6,860 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($7,356 per ton), while the price for Spain ($1,843 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+37.1%), while the prices for the other major suppliers experienced mixed trend patterns.
ExportsUnited Kingdom’s Exports of Walnuts
In 2024, overseas shipments of walnuts increased by 243% to 19 tons, rising for the second year in a row after three years of decline. Overall, exports posted strong growth. The most prominent rate of growth was recorded in 2023 with an increase of 7,699% against the previous year. Over the period under review, the exports attained the peak figure at 48 tons in 2016; however, from 2017 to 2024, the exports failed to regain momentum.
In value terms, walnut exports soared to $64K in 2024. Over the period under review, exports showed strong growth. The growth pace was the most rapid in 2023 with an increase of 5,950% against the previous year. Over the period under review, the exports hit record highs at $275K in 2016; however, from 2017 to 2024, the exports stood at a somewhat lower figure.
Exports By Country
Ireland (2 kg) and the United States (1 kg) were the main destinations of walnut exports from the UK. Moreover, walnut exports in Ireland exceeded the figures recorded by the second-largest exporter, the United States, twofold.
From 2013 to 2022, the biggest increases were recorded for the United States (with a CAGR of 0.0%).
From 2013 to 2022, the average annual growth rate of value to the United States was relatively modest.
Export Prices By Country
The average walnut export price stood at $6,125 per ton in 2022, shrinking by -43.5% against the previous year. Overall, the export price continues to indicate a perceptible contraction. The growth pace was the most rapid in 2020 an increase of 278%. As a result, the export price reached the peak level of $16,584 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($392,000 per ton), while the average price for exports to Ireland totaled $24,500 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.
Source: IndexBox Market Intelligence Platform