Global Nut Market 2026

A comprehensive analysis of the global hazelnut and walnut market with forecasts through 2028

Global Market

Key Indicators 2026

📊

Market Volume

$18.5 billion
↑ +8.2% vs 2025

Total volume of the global tree nut market

🌱

Global Production

4.8 million t
↑ +5.1%

Total production volume of hazelnuts and walnuts

📈

Average Price Growth

+10.5%
↑ Significant

Average annual price growth for major nut varieties

🌍

Export Geography

45+ countries
↑ Expanding

Number of countries importing Azerbaijani nuts

Comparative Analysis

Hazelnut vs Walnut

Price trend comparison (USD/tonne, FOB)

Indicator Hazelnut Walnut Difference
Price 2026$4,150/t$6,450/t+$2,300 (+55%)
Growth vs 2025+5.1%+8.4%+3.3%
Global Volume1.2 million t2.3 million t+1.1 million t
Main ExporterTurkeyUSA-
Average Kernel Yield48%50%+2%
Forecast 2027$4,350/t$6,700/t+$2,350 (+54%)
Regional Markets

Leading Producers

🥜

Hazelnut — Turkey

The world's largest hazelnut producer and exporter, controlling about 75% of global exports.

$4,200
Price per tonne
450,000 t
Export 2026
🌰

Walnut — USA

The global leader in walnut production, especially the Chandler variety, centered in California.

$6,800
Price per tonne
710,000 t
Harvest 2026
🥜

Hazelnut — Azerbaijan

A fast-growing producer with unique product quality and a strategic location.

$4,150
Price per tonne
100,000 t
Production
🌰

Walnut — Chile

The world's second-largest walnut exporter, an increasingly strong competitor to the USA in Asian markets.

$5,800
Price per tonne
140,000 t
Export
More about hazelnut More about walnut
Forecast

Forecast to 2028

Hazelnut — Price Forecast

  • 2026$4,150/t
  • 2027$4,350/t
  • 2028$4,550/t
  • CAGR+4.7%

Walnut — Price Forecast

  • 2026$6,450/t
  • 2027$6,700/t
  • 2028$6,950/t
  • CAGR+3.8%

Market Volume

  • 2026$18.5 billion
  • 2027$20.2 billion
  • 2028$22.1 billion
  • CAGR+9.3%
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