Among the goods traded on the Chicago commodity exchange, walnut wood has been one of a handful of products that have risen in value in a sustained way over the past 25 years, on average by 8% a year.
The wood of the common walnut tree, Juglans regia, is the most valued.
Hardwoods, and especially walnut wood, are among the agro-forestry products of greatest interest and promise in agriculture generally. They are profitable and provide environmental benefits, two aspects that are not always easily combined..
Board of walnut wood.
The price received by the producer of European or common walnut wood (Juglans regia) is approximately between 1,200 and 2,400 euros/m3; that of American black walnut (Juglans nigra) from 600 to 1,200 euros/m3; that of European cherry wood is also between 600 and 1,200 euros/m3, while the price of other broadleaf woods (ash, maple, beech, etc.) is less.
The characteristics of walnut wood: medium hardness, great elasticity, heavy, straight fiber, etc., all make it highly valued in quality carpentry, for veneers, solid furniture, and pieces such as shotgun butts, etc.
Elegant rustic chest of walnut wood. Furniture manufacture is the primary destination for walnut wood.
The rise in the value of walnut wood can be expected to continue for various reasons: the scarcity of quality adult walnut trees (most of them were cut down in the second half of the 20th century), greater control of rainforest exploitation (environmental problems) whose quality wood supplies rich countries as well as an ever-increasing number of new countries that are reaching higher levels of development and can thus purchase quality furniture.