Nuts Market in the United States
Market Overview
The U.S. nuts market rose slightly to $
in , surging by % 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). In general, the total consumption indicated a temperate increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Nuts consumption peaked at $ in ; however, from to , consumption failed to regain momentum.
In value terms, nuts production stood at $ in . Over the period under review, production saw a buoyant expansion. The pace of growth was the most pronounced in 2010 with an increase of % against the previous year. Nuts production peaked at $ in ; however, from to , production stood at a somewhat lower figure.
The average yield of nuts in the United States expanded modestly to tons per ha in , with an increase of % against the previous year. Overall, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in with an increase of %. Over the period under review, the average nuts yield hit record highs at tons per ha in 2011; however, from 2012 to , the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In, approx. ha of nuts were harvested in the United States; stabilizing at . Overall, the harvested area enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of % against the previous year. The nuts harvested area peaked at ha in ; however, from to , the harvested area remained at a lower figure.
in , surging by % 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). In general, the total consumption indicated a temperate increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Nuts consumption peaked at $ in ; however, from to , consumption failed to regain momentum.In value terms, nuts production stood at $
in . Over the period under review, production saw a buoyant expansion. The pace of growth was the most pronounced in 2010 with an increase of % against the previous year. Nuts production peaked at $ in ; however, from to , production stood at a somewhat lower figure.The average yield of nuts in the United States expanded modestly to
tons per ha in , with an increase of % against the previous year. Overall, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in with an increase of %. Over the period under review, the average nuts yield hit record highs at tons per ha in 2011; however, from 2012 to , the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.In
, approx. ha of nuts were harvested in the United States; stabilizing at . Overall, the harvested area enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of % against the previous year. The nuts harvested area peaked at ha in ; however, from to , the harvested area remained at a lower figure.Consumption
In , the amount of nuts consumed in the United States totaled tons, with an increase of % on . Overall, the total consumption indicated a moderate expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. As a result, consumption attained the peak volume of tons. From to , the growth of the consumption remained at a somewhat lower figure.
The size of the nuts market in the United States amounted to $ in , growing by % 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). In general, the total consumption indicated perceptible growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, the market attained the peak level at $ in ; however, from to , consumption stood at a somewhat lower figure.
, the amount of nuts consumed in the United States totaled tons, with an increase of % on . Overall, the total consumption indicated a moderate expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. As a result, consumption attained the peak volume of tons. From to , the growth of the consumption remained at a somewhat lower figure.The size of the nuts market in the United States amounted to $
in , growing by % 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). In general, the total consumption indicated perceptible growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, the market attained the peak level at $ in ; however, from to , consumption stood at a somewhat lower figure.Consumption by Type
Almonds ( tons) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, almonds exceeded the figures recorded for the second-largest type, walnuts ( tons), threefold. The third position in this ranking was held by pistachios ( tons), with a % share.
From 2007 to, the average annual growth rate of the volume of almonds consumptions totaled +%. With regard to the other consumed products, the following average annual rates of growth were recorded: walnuts (+% per year) and pistachios (+% per year).
In value terms, almonds ($) led the market, alone. The second position in the ranking was taken by walnuts ($). It was followed by pistachios.
From 2007 to, the average annual growth rate of the value of almonds markets stood at +%. With regard to the other consumed products, the following average annual rates of growth were recorded: walnuts (+% per year) and pistachios (+% per year).
tons) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, almonds exceeded the figures recorded for the second-largest type, walnuts ( tons), threefold. The third position in this ranking was held by pistachios ( tons), with a % share.From 2007 to
, the average annual growth rate of the volume of almonds consumptions totaled +%. With regard to the other consumed products, the following average annual rates of growth were recorded: walnuts (+% per year) and pistachios (+% per year).In value terms, almonds ($
) led the market, alone. The second position in the ranking was taken by walnuts ($). It was followed by pistachios.From 2007 to
, the average annual growth rate of the value of almonds markets stood at +%. With regard to the other consumed products, the following average annual rates of growth were recorded: walnuts (+% per year) and pistachios (+% per year).Market Forecast
Driven by increasing demand for nuts in the United States, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, the share of imports in terms of total nuts consumption in the United States was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the the United States nuts market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.
% figure. In value terms the share of imports also stood at a low figure, which means that the the United States nuts market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.Trade Balance
The United States remains a net exporter of nuts; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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