Belgium - Cashew Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCashew Nut Price in Belgium - 2023
Contents:
- Cashew Nut Price in Belgium (CIF) - 2023
- Cashew Nut Price in Belgium (FOB) - 2022
- Cashew Nut Imports in Belgium
- Cashew Nut Exports in Belgium
Cashew Nut Price in Belgium (CIF) - 2023
In August 2023, the average cashew nut import price amounted to $17,117 per ton, surging by 34% against the previous month. Over the period under review, import price indicated a pronounced expansion from August 2022 to August 2023: its price increased at an average monthly rate of +4.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, cashew nut import price increased by +46.2% against June 2023 indices. The pace of growth was the most pronounced in November 2022 when the average import price increased by 42% m-o-m. Over the period under review, average import prices reached the peak figure in August 2023.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Italy ($17,167 per ton), while the price for the Netherlands totaled $11,366 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Cashew Nut Price in Belgium (FOB) - 2022
The average cashew nut export price stood at $8,514 per ton in 2022, dropping by -12.2% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cashew nut export price decreased by -19.6% against 2019 indices. The growth pace was the most rapid in 2015 when the average export price increased by 60%. As a result, the export price reached the peak level of $12,391 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($26,517 per ton), while the average price for exports to the Netherlands ($5,415 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.
Cashew Nut Imports in Belgium
In 2022, purchases abroad of cashew nuts decreased by -30.4% to 247 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 9.8% against the previous year. As a result, imports reached the peak of 354 tons, and then fell remarkably in the following year.
In value terms, cashew nut imports declined dramatically to $3.1M in 2022. In general, imports recorded a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 33%. As a result, imports attained the peak of $4.2M, and then fell dramatically in the following year.
| Import of Cashew Nut in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3,082 | 2,466 | 3,480 | 2,445 | -7.4% |
| Netherlands | 547 | 502 | 486 | 483 | -4.1% |
| France | 2.1 | 23.9 | 160 | 165 | 328.3% |
| Benin | N/A | 95.7 | N/A | N/A | 0% |
| Others | 30.0 | 44.6 | 28.6 | 19.9 | -12.8% |
| Total | 3,660 | 3,132 | 4,155 | 3,114 | -5.2% |
Top Suppliers of Cashew Nut to Belgium in 2022:
- Benin (undefined tons)
- Italy (164.3 tons)
- Netherlands (63.6 tons)
- France (16.8 tons)
Cashew Nut Exports in Belgium
In 2022, cashew nut exports from Belgium skyrocketed to 50 tons, rising by 866% against the previous year. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cashew nut exports skyrocketed to $428K in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cashew Nut in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.8 | 9.3 | 10.6 | 374 | 280.3% |
| France | 2.2 | 6.5 | 2.2 | 32.6 | 145.6% |
| Luxembourg | 30.0 | 32.3 | 24.2 | 12.1 | -26.1% |
| Netherlands | 12.8 | 99.8 | 2.0 | 2.1 | -45.3% |
| Others | 2.5 | 8.1 | 11.4 | 7.3 | 42.9% |
| Total | 54.4 | 156 | 50.5 | 428 | 98.9% |
Top Export Markets for Cashew Nut from Belgium in 2022:
- Germany (47.3 tons)
- France (1.2 tons)
- Luxembourg (0.9 tons)
- Netherlands (0.4 tons)
This report provides an in-depth analysis of the cashew nut market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 217 - Cashew nuts
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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