October 04, 2022
The European Union (EU-27) imported $7.1 billion of tree nuts from around the world in 2021. The United States (USA) is the largest supplier of tree nuts with USD 2.5 billion. Responsible for 35% of total imports. Turkey is the second largest supplier with nearly 23% of imports, followed by Vietnam and Chile.
Image source: Shutterstock.com
While the COVID-19 health crisis and global logistics issues and delays reduced U.S. tree nut exports to the European Union in 2020 and 2021, import volumes increased 20% in the first half of 2022, according to a report by the Foreign Agricultural Service. (FAS ) United States Department of Agriculture (USDA).
US almonds (both raw and shelled) total $1.3 billion, pistachios $687 million and walnuts nearly $371 million. In the European Union, the largest importers of American tree nuts (by importance) are Germany, Spain and the Netherlands.
Awareness of the health benefits of tree nuts continues to drive consumer demand throughout the year, although the current high level of inflation may impact high-value products like tree nuts. However, manufacturers are developing creative products and packaging to attract new and traditional customers.
Source: USDA FAS Earnings Report
Release Date: 10/04/2022
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