In 2023, the global nuts market volume was heavily dominated by China, accounting for 3.84 million metric tons, followed by Vietnam (2.71), India (2.23), and the United States (1.35). Other significant contributors included Iran, Italy, Spain, and Germany, with values ranging between 1.02 and 0.313 million metric tons. Emerging markets like Brazil, the Philippines, and Indonesia also showed notable volumes.
Year-on-year variations indicate a fluctuating trend across countries in 2023. Vietnam saw a significant increase of 4.61%, while India and Taiwan experienced slight declines. Nigeria and Ethiopia had considerable decreases of 6.35% and 2.91% respectively. Italy, Spain, and Brazil reported moderate growth, signaling stability in the European markets and South America. The Caucasus region, including Armenia and Azerbaijan, also showed growth, suggesting rising local production.
Future trends to watch for in the global nuts market include increased production in Southeast Asia and continued modernization and expansion of nut farming in Europe and South America. Additionally, climate change impacts and advancements in agricultural technologies will likely influence market dynamics across various countries.
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 3,840 | 2018 | View data | ||
| 2 | 2 Vietnam | 2,710 | 2023 | +4.72% | +4.61% | View data |
| 3 | 3 India | 2,230 | 2023 | +0.63% | -0.18% | View data |
| 4 | 4 United States | 1,350 | 2023 | +1.43% | +0.84% | View data |
| 5 | 5 Iran | 1,020 | 2023 | +1.29% | +0.56% | View data |
| 6 | 6 Italy | 521 | 2023 | +1.36% | +1.32% | View data |
| 7 | 7 Spain | 436 | 2023 | +2.35% | +1.69% | View data |
| 8 | 8 Germany | 313 | 2023 | +0.97% | +0.65% | View data |
| 9 | 9 France | 281 | 2023 | +1.44% | +0.88% | View data |
| 10 | 10 Philippines | 184 | 2023 | +0.55% | +0.55% | View data |
