Walnut exporters from Ukraine hit by COVID-19 pandemic
According to EastFruit analysts, revenue from the export of Ukrainian walnuts in 2020 decreased by 19% in the first 9 months of this year. During this period, the export of nuts in shell and walnut kernels brought Ukrainian exporters only $60.9 million, which is the lowest revenue in the last three seasons. It is obvious that due to the coronavirus pandemic, the demand for walnuts has decreased. In addition to the decline in export volumes, there have been changes in the geographical structure of Ukrainian walnut exports.
One noteworthy decline in export volumes was due to a sharp drop in the supply of walnuts to Turkey. The decrease in supplies for the first 9 months of 2020 was 60% compared to that of 2019. Supplies to Belarus, Greece, Romania, Lebanon, the United Arab Emirates and Georgia also dropped significantly. In regards to the decline from Georgia specifically, however, EastFruit wrote previously about the prospect of Georgia turning from a net importer into a net exporter of walnuts.
If we look at a remarkable positive change about countries that have increased the purchases of walnuts in Ukraine, it is worth noting a twofold increase in exports to the Netherlands as well as an increase in the export of Ukrainian nuts by almost 90% to Germany and over 80% to Austria. Poland began to buy much more Ukrainian walnuts. Hungary, Italy, United Kingdom, and Kazakhstan increased imports as well.
When evaluating long-term trends, leading countries in terms of import growth from Ukraine are Germany, Belarus, Austria, United Kingdom, United Arab Emirates, Slovenia, and Croatia. However, supplies of Ukrainian walnuts to Iraq, Italy, and Azerbaijan have a downward trend.