China's pine nut inventory continues to decline, pushing up market prices

China's market price and volume fluctuate：

The shortage of raw materials at the end of the production season is pushing up China's pine nut prices, and exchange rate fluctuations have exacerbated market volatility. The new season pine nuts are expected to be supplied to the export market in October. The International Nut and Dried Fruit Council's May meeting predicted that China's shelled pine nut production this season will be about 40,000 tons, a sharp drop of 64.1% year-on-year; the global total production is expected to drop to 126,500 tons, a year-on-year decline of 27.3%.

EU imports rose in both volume and price：

From January 1 to July 6, 2025, the EU imported a total of 5,746 tons of pine nuts from third countries, with a value of 97.645 million euros, a year-on-year increase of 32.6% in import volume and 33.9% in value. The average import unit price during the period was 16.99 euros/kg, a slight increase of 1% year-on-year.

China remains the largest supplier to the EU, with exports surging 43.2% year-on-year to 4,770 tons, accounting for 83% of the EU's total imports. Mongolia (+230.0% to 264 tons) and Afghanistan (+300.0% to 40 tons) have significantly increased their exports to Europe. Russia (-25.9% to 398 tons) and Turkey (-38.7% to 198 tons) have seen shrinking supplies to Europe. Among the major EU importing countries, Germany (+53.4% to 2,730 tons) and Italy (+48.7% to 876 tons) have seen a significant increase in imports, while the Netherlands (-5.3% to 677 tons) has seen a slight decline in imports.

Comparative analysis of EU pine nut imports (unit: tons)

According to the EU Agriculture and Customs Tax Monitoring System (GAGRI TAXUD) data from January 1 to July 6, 2025: