Germany: Cashew Nut Market 2024

Cashew Nut Market Size in Germany

After five years of decline, the German cashew nut market increased by X% to $X in 2022. Overall, consumption, however, continues to indicate a noticeable decline. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Cashew Nut Production in Germany

In value terms, cashew nut production totaled $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X,000%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

In 2022, the average yield of cashew nuts in Germany stood at less than X kg per ha, leveling off at 2021. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cashew nuts production in Germany stood at less than X ha, remaining relatively unchanged against 2021 figures. In general, the harvested area saw a relatively flat trend pattern.

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Cashew Nut Exports

Exports from Germany

Cashew nut exports from Germany shrank remarkably to X tons in 2022, with a decrease of X% compared with the year before. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, cashew nut exports reduced rapidly to $X in 2022. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for cashew nut exports from Germany, with a X% share of total exports. Moreover, cashew nut exports to Belgium exceeded the volume sent to the second major destination, Switzerland (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium totaled X%.

In value terms, Belgium ($X) emerged as the key foreign market for cashew nuts exports from Germany, comprising X% of total exports. The second position in the ranking was held by Switzerland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium totaled X%.

Export Prices by Country

The average cashew nut export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price recorded a slight increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Switzerland amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced a decline.

Cashew Nut Imports

Imports into Germany

In 2022, supplies from abroad of cashew nuts increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports posted a modest expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, cashew nut imports surged to $X in 2022. Overall, imports enjoyed a measured expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest cashew nut supplier to Germany, accounting for a X% share of total imports. Moreover, cashew nut imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Bulgaria (X kg), sevenfold. The third position in this ranking was held by Turkey (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Turkey (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of cashew nuts to Germany, comprising X% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Turkey (X% per year).

Import Prices by Country

The average cashew nut import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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