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Post projects increased production in both walnuts and almonds in marketing year (MY) 2024/25 due to high yields caused by plentiful rainfall and favorable temperatures. Post estimates walnut production will reach 195,000 metric tons (MT) in MY 2024/25, a 11.4 percent increase year over year.
Ample opportunities exist for U.S. agricultural exports to South Korea. Highlighted in the chart above, U.S. agricultural product exports were a record $9.5 billion in 2022, up 2 percent from 2021. South Korea is the sixth largest export market for the United States, thanks in part to a successful free trade agreement (KORUS) between the two countries and a robust demand for high-quality U.S. food products.
In marketing year (MY) 2023/24, Post estimates walnut production to increase by 3.1 percent and reach 198,000 metric tons (MT).
For marketing year (MY) 2022/23, Post estimates 165,000 metric tons (MT) of walnut production, a 7.8 percent increase from MY 2021/22 following an increase in area planted and higher yields. Walnut exports are projected at 162,500 MT in-shell basis, which represents a 7.6 percent increase over MY2021/22.
The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
Post estimates 152,000 MT of walnut production for MY2021/22, a 2.7 percent increase over MY2020/21 following an increase in planted area.
A look at how U.S. agricultural exports performed in 2020.
The 2020 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world. This summary lists only the United States’ primary trading partners.
Peanuts are popular in Korea and consumed in a variety of ways. Demand for peanuts and peanut butter is steady.
Korean consumers value tree nuts for their health benefits. Most tree nuts are imported.
For MY2020/21, Post projects Chilean almond production to reach 11,000 metric tons (MT), and exports to increase to 9,500 MT or 35 percent, assuming unchanged planted area...
This report provides information to U.S. exporters of agricultural and related products on how to do business in Chile.