Global Nuts Market Overview
In value terms, nuts production amounted to $25.8B in 2010 estimated in export prices. The total output value increased at an average annual rate of +1.1% from 2007 to 2010; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2010 with an increase of 4% year-to-year. In that year, global nuts production reached its peak level and is likely to continue its growth in the immediate term.
The countries with the highest volumes of nuts production in 2010 were China (953K tonnes), Turkey (557K tonnes) and the U.S. (353K tonnes), together accounting for 32% of global production. India, Russia, Brazil, Spain, Japan, Pakistan, Bangladesh, Indonesia and France lagged somewhat behind, together comprising a further 27%.
From 2007 to 2010, the most notable rate of growth in terms of nuts production, amongst the main producing countries, was attained by Pakistan, while the other global leaders experienced more modest paces of growth.