India’s nut imports show strong growth

India has reported significant growth in its almond (+44%), walnut (+20%) and pistachio (+34%) imports in 2020/2021 from the previous year, according to a USDA report. However, almond and walnut imports in 2021/22 are projected to drop due to high domestic prices, increased domestic supply, reduced production in the US, geopolitical tensions in regional suppliers (including Afghanistan), and various global shipping challenges. Conversely, India’s pistachio imports are estimated to be up 11% to 31,000 tons in 2021/22. The domestic market for pistachios remains marginal, albeit with promising growth prospects and imports are estimated to reach 50,000 tons by 2024/2025.