Belgium: Cashew Nut Market 2025

Cashew Nut Market Size in Belgium

In 2021, the Belgian cashew nut market increased by 32% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption enjoyed resilient growth. Cashew nut consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Cashew Nut Exports

Exports from Belgium

In 2021, the amount of cashew nuts exported from Belgium fell rapidly to X tons, dropping by -75.6% on the previous year. Overall, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 319% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, cashew nut exports reduced markedly to $X in 2021. In general, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of 187%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Luxembourg (X tons), Germany (X tons) and Democratic Republic of the Congo (X kg) were the main destinations of cashew nut exports from Belgium, together accounting for 81% of total exports. The Netherlands, Italy, France and Suriname lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the biggest increases were in France (with a CAGR of +78.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Luxembourg ($X) emerged as the key foreign market for cashew nut exports from Belgium, comprising 48% of total exports. The second position in the ranking was taken by Germany ($X), with a 21% share of total exports. It was followed by Democratic Republic of the Congo, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Luxembourg amounted to -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-23.2% per year) and Democratic Republic of the Congo (+24.7% per year).

Export Prices by Country

In 2021, the average cashew nut export price amounted to $X per ton, jumping by 32% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cashew nut export price decreased by -9.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 60%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cashew Nut Imports

Imports into Belgium

In 2021, purchases abroad of cashew nuts increased by 9.8% to X tons, rising for the second year in a row after three years of decline. In general, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2015 when imports increased by 88%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, cashew nut imports surged to $X in 2021. Over the period under review, imports recorded strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 59%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X tons) constituted the largest cashew nut supplier to Belgium, accounting for a 78% share of total imports. Moreover, cashew nut imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. France (X tons) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+23.6% per year) and France (+7.0% per year).

In value terms, Italy ($X) constituted the largest supplier of cashew nut to Belgium, comprising 84% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total imports. It was followed by France, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+29.3% per year) and France (+18.4% per year).

Import Prices by Country

In 2021, the average cashew nut import price amounted to $X per ton, growing by 21% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 24% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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