Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Greece - 2023

Contents:

1. Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Greece (CIF) - 2023
2. Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Greece (FOB) - 2023
3. Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Greece
4. Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Greece

Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Greece (CIF) - 2023

The average import price for nuts, edible; cashew nuts, shelled, fresh or drieds stood at $6,764 per ton in October 2023, increasing by 7.7% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 9.5% against the previous month. The import price peaked at $6,992 per ton in November 2022; however, from December 2022 to October 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In October 2023, the highest price was recorded for prices from Germany ($7,886 per ton) and India ($7,820 per ton), while the price for Vietnam ($6,256 per ton) and the Netherlands ($7,053 per ton) were amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Greece (FOB) - 2023

The average export price for nuts, edible; cashew nuts, shelled, fresh or drieds stood at $7,602 per ton in October 2023, rising by 21% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In October 2023, the highest price was recorded for prices to Cyprus ($8,301 per ton) and Malta ($7,639 per ton), while the average price for exports to Romania ($6,013 per ton) and Bulgaria ($7,221 per ton) were amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Greece

For the fourth consecutive year, Greece recorded growth in supplies from abroad of nuts, edible; cashew nuts, shelled, fresh or drieds, which increased by 4.6% to 3.1K tons in 2022. The total import volume increased at an average annual rate of +8.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 18%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of nuts, edible; cashew nuts, shelled, fresh or drieds fell slightly to $22M in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of $23M, and then dropped in the following year.

Top Suppliers of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried to Greece in 2022:

1. Vietnam (1945.1 tons)
2. India (478.0 tons)
3. Germany (288.7 tons)
4. Netherlands (197.2 tons)
5. Spain (95.9 tons)

Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Greece

After three years of growth, shipments abroad of nuts, edible; cashew nuts, shelled, fresh or drieds decreased by -29.9% to 536 tons in 2022. Overall, total exports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +2.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 33% against the previous year. As a result, the exports attained the peak of 765 tons, and then contracted markedly in the following year.

In value terms, exports of nuts, edible; cashew nuts, shelled, fresh or drieds fell sharply to $3.6M in 2022. Over the period under review, total exports indicated a modest increase from 2019 to 2022: its value increased at an average annual rate of +1.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year. As a result, the exports reached the peak of $5.1M, and then shrank rapidly in the following year.

Top Export Markets for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried from Greece in 2022:

1. Bulgaria (225.0 tons)
2. Cyprus (164.8 tons)
3. North Macedonia (39.4 tons)
4. Germany (26.1 tons)
5. Romania (19.9 tons)
6. Albania (16.4 tons)
7. Malta (8.8 tons)

Source: IndexBox Market Intelligence Platform