Walnut Market Report 22.07.24
![Walnut Market Report 22.07.24](https://sp-ao.shortpixel.ai/client/to_webp,q_glossy,ret_img/https://www.chelmerfoods.com/wp-content/uploads/2024/07/Market-News-July-2024-7.png)
Slower shipments have been observed during the 2024 season compared to 2023 and 2022. By week 23 of 2024, Chile had shipped 23,071 metric tons, partly due to a delayed harvest. India's demand for Chile's inshell walnuts has been significant, with 5,423 metric tons shipped by week 23, though this marks a 67% decrease from the same period in 2023.
Regarding shelled walnuts, shipments to Spain - Chile's primary market for shelled walnuts - have decreased by 47% this season. Additionally, shipments to Germany and Brazil have plummeted by 87% and 89%, respectively. This season has seen a higher concentration of shelled walnut shipments compared to 2023. Up to week 23, shelled walnuts accounted for 20% of Chilean exports, down from 28% in 2023. It's still too early to predict if this trend will continue throughout the year.
In the United States, commitments of the total supply until May 2024 stood at 88%, with shipments totalling 643,878 metric tons on an inshell basis. The available inventory at the end of May 2024 was 101,068 metric tons. The main markets for the 2023-2024 season have been the domestic market (USA), Germany, Turkey, Spain, Japan, South Korea, and Italy.
Chile's 2024 walnut harvest was 134,500 metric tons, about 27% less than the 2023 harvest. By mid-June, Chilean walnut commitments were 69.2% of the estimated crop, similar to the same period in 2023.
via SuperFruit