Whether it is a festival or an auspicious time, guests are coming home or going to a wedding party, there is one thing that you can often see in food, something that is the pride and glory of sweets, guess what?
Nuts or Dry fruits are popular among all age groups for their various nutritional benefits.
They are a great source of dietary fiber, vitamins, minerals and antioxidants, calcium, iron, potassium, and other minerals.
Also, they are delicious, so they are used to enhance the flavor of a variety of dishes and sweets.
With innumerable benefits, it is no wonder that dry fruits are considered a superfood.
However, there is one major drawback that prevents people from eating dry fruits, and that is their high price.
However, in this article today, Let’s check out the world’s top 10 most expensive Nuts.
Here, now is a list of the top 10 most expensive nuts in the world in 2023.
Why These Nuts Are So Expensive?
The geographical location where the dry fruits are grown has a lot to do with their price.
The taste, texture, and quality of the dry fruit also depend on the climate and soil of the region where it is grown.
Dry fruits such as cashews, walnuts, pistachios, and pecan nuts need a proper climate conditions.
Heavy or no rainfall can impact the quality and quantity of dry fruits, which directly affects the prices of these nuts.
As a result, it’s easy to conclude that the price of dry fruits is largely determined by the region and climate in which they are grown. This is why the price of dry fruits fluctuates so much.
Also, It is quite difficult to grow dry fruits in other regions where the climate is not suitable for them.
Here, we will take a look at the list of the top 10 most expensive Nuts in the world in 2023.
Top 10 Most Expensive Nuts in the World
1. Macadamia nuts – $25 / pound
2. Pine nuts – $23 / pound
3. Almonds – $13.99 / pound
4. Chestnuts – $10.99 / pound
5. Cashew nuts – $8.95 / pound
6. Walnuts – $8.50/ pound
7. Brazil nuts – $7.30 / pound
8. Pecan – $6.99 /pound
9. Pistachios – $2.00 – $2.50/pound
10. Hazelnuts – $.61 – $.91 / pound
1. Macadamia Nuts – $25/ pound
- Country – Australia
- Genus – Proteaceae
Macadamia nuts are indeed the expensive most nuts in the world but not without reasons.
First of all, they are the nuts with the highest calorie content with 100 grams containing 718 calories.
Brobible also discusses a few other reasons for the high price such as although macadamia trees are available in 10 varieties only two produce high-quality macadamia nuts.
The trees then take 7-10 years to start producing and flowering takes 4-6 months meaning nuts mature at different times during the year.
2. Pine Nuts – $23 /pound
- Country – Philippines
- Genus – Canarium
- If you enjoy raw pine nuts, then you will have to fork out $23 for a pound at Amazon, and you have to wonder why the nuts are expensive.
However, that on the entire face of the earth, there are only about 18 pine trees that produce harvest-worthy pines.
Moreover, the trees take 6 to 8 years to mature and an additional 2 to 3 years to start producing pine.
Further, getting them ready for the market is a labor-intensive process that only adds to its cost.
3. Almonds – $13.99/pound
- Country – Iran, Morocco, and Spain.
- Genus – Prunus
These raw slivered almonds go for $13.99 a pound with other varieties costing more, also depending on the brand.
The climate in which the almond trees can thrive limits their supply since they require fertile soil and a Mediterranean climate.
According to Spoon University, California has an ideal climate; hence it produces 82% of the world’s almond supply, with the remaining percentage being covered by Iran, Morocco, and Spain.
4. Chestnuts – $10.99/pound
- Country – America
- Genus – Castanea
These Chestnuts cost $10.99, and upon visiting the site, you will be surprised that the product is out of stock and will be available in November; a fact that could explain why the product is expensive.
Bon Appetit explains that America produces 1% of chestnuts and imports the rest, but that was not always the case.
By 1900, chestnuts were accessible to every family in the United States, but in 1904, a fungus-infested Asian chestnut tree planted in the Bronx Zoo erased the population of American chestnut trees gradually.
5. Cashew Nuts – $8.95/pound
- Country – Brazil
- Genus – Anacardium
Nuts in Bulk are selling its cashew nuts at $8.95 per pound which is a bit on the higher side.
The nuts have loads of nutritional benefits such as being a good source of iron, calcium, phosphorus, and magnesium.
The high price is because cashew trees grow in sandy and loamy soils thus limiting their growth areas.
Raw and shelled Brazil nuts go for $7.30 per pound.
6. Walnuts – $8.50 /pound
- Country – Spain
- Genus – Juglans
The price of a pound of raw walnuts at Nuts in Bulk is $8.50, but in China, the case is different.
You might wonder how one can make such a lucrative amount, but the truth is a pair of walnuts with symmetrical ridges and pits can go for as high as $26,000.
Chinese are known for their steadfast health practices, and walnuts are not primarily used in the kitchen but for rolling between the palm and fingers for better blood circulation.
7. Brazil Nuts are $7.30 per pound
- Country – Brazil
- Genus – Bertholletia excelsa
Raw and shelled Brazil nuts go for $7.30 per pound.
Also, these Brazil nuts as the richest food in the world in selenium, which is a mineral we need to keep our immune system healthy.
One Brazil nut contains 68-91 micrograms of selenium thus enough to provide the RDA (recommended daily allowance) for an adult.
For this reason, eating too many Brazil nuts will cause selenium toxicity that leads to hair loss, dizziness, irritability, fatigue, and skin rashes among other adverse effects.
8. Pecan – $6.99 / pound
- Country – Southern United States and northern Mexico
- Genus – Carya illinoinensis
When Hurricane Michael wreaked havoc in Georgia, it uprooted some of the pecan trees.
Consequently, the supply of the nuts was low and as the law of supply dictates, the expectations were that the market prices would increase.
Since America exports most of its pecans to China, the tariffs meant flooding the domestic market with the nuts.
But the prices have remained normal with a pound of hard-shell pecans going for $6.99, paper-shell pecans sell at $7.49 while those without shells have a price tag of $13.99.
9. Pistachios – $2.00 – $2.50/ pound
- Country – Iran, Turkmenistan, and western Afghanistan
- Genus – Pistacia
Pistachios prices ranged between $2.25 and $2.50 in November 2018, but that might change due to the China tariffs on the nut that increased from 5% to 45%.
Pistachios have their reasons for being among the expensive nuts.
One of the reasons is that the trees take longer to mature, usually four to five years, and the production at the beginning is only a handful.
However, you will have to wait for another 15 years to get maximum productivity.
10. Hazelnuts – $.61 – $.91 / pound
- Country – China
- Genus – Corylus
Hazelnut prices have been on a downward trend with the cost being $1.18 in 2016 and 96.5 cents in 2017 and now they range between 61 cents and 91 cents.
Capital Press argues that the downward pressure has been due to the China tariffs since China is the major importer of America’s hazelnuts.
Another contributing factor could be the devaluation of the Turkish currency which has consequently reduced hazelnut prices since Turkey produces 75% of the world’s hazelnuts.
Also Read: Top 10 Most Expensive Caviar in 2023
Bottom Line
However, in this article above, we shared top 10 the most expensive Nuts in the world in 2023.
Moreover, This article discussed the reasons why nuts are expensive, similarly, ranked the most expensive nuts in the world, ensuring that you choose a luxury-quality nut that suits your palate and your budget.
Moreover, Do share your views and let us know which one of them is your favorite nut and why?
So, hope you find this article worth it, feel free to share your recommendations and reviews on it, we would be pleased to get your views on this.
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