Report Update Nov 1, 2024

Finland - Cashew Nuts - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Cashew Nut Market 2024

Cashew Nut Market Size in Finland

The Finnish cashew nut market skyrocketed to $X in 2021, with an increase of 121% against the previous year. In general, consumption saw a significant expansion. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Cashew Nut Production in Finland

In value terms, cashew nut production totaled $X in 2021 estimated in export price. Overall, production faced a precipitous slump. The most prominent rate of growth was recorded in 2013 when the production volume decreased by -34.6%. Cashew nut production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Cashew Nut Exports

Exports from Finland

In 2021, the amount of cashew nuts exported from Finland stood at X kg, almost unchanged from the previous year. Overall, exports showed a dramatic decline. The pace of growth was the most pronounced in 2019 when exports increased by 83%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, cashew nut exports amounted to $X in 2021. Over the period under review, exports saw a significant contraction. The growth pace was the most rapid in 2013 when exports increased by 7.5%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X kg) was the main destination for cashew nut exports from Finland, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Russia was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia was relatively modest.

Export Prices by Country

In 2021, the average cashew nut export price amounted to $X per ton, leveling off at the previous year. In general, the export price saw significant growth. The pace of growth was the most pronounced in 2013 an increase of 466%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for the Netherlands amounted to -1.1% per year.

Cashew Nut Imports

Imports into Finland

In 2021, purchases abroad of cashew nuts increased by 81% to X tons, rising for the second consecutive year after two years of decline. Overall, imports showed significant growth. The growth pace was the most rapid in 2013 with an increase of 1,055%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, cashew nut imports soared to $X in 2021. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 1,051% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Lithuania (X tons) constituted the largest cashew nut supplier to Finland, accounting for a 83% share of total imports. Moreover, cashew nut imports from Lithuania exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Lithuania totaled +68.6%.

In value terms, Lithuania ($X) constituted the largest supplier of cashew nut to Finland, comprising 79% of total imports. The second position in the ranking was held by Sweden ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Lithuania amounted to +77.4%.

Import Prices by Country

In 2021, the average cashew nut import price amounted to $X per ton, dropping by -7.6% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.6% 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 import price decreased by -24.1% against 2019 indices. The growth pace was the most rapid in 2018 an increase of 25% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Sweden ($X per ton), while the price for Lithuania amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+53.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cashew nuts in the world?

Vietnam constituted the country with the largest volume of cashew nut consumption, comprising approx. 41% of total volume. Moreover, cashew nut consumption in Vietnam exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by Burundi, with a 6.7% share.

What are the largest producers of cashew nuts in the world?

The countries with the highest volumes of cashew nut production in 2021 were India, Cote d'Ivoire and Vietnam, together accounting for 39% of global production. These countries were followed by Ghana, Burundi, Tanzania, the Philippines, Nigeria, Mali, Benin, Guinea-Bissau, Burkina Faso and Brazil, which together accounted for a further 46%.

What are the leading suppliers of cashew nuts to Finland?

In value terms, Lithuania constituted the largest supplier of cashew nut to Finland, comprising 79% of total imports. The second position in the ranking was occupied by Sweden, with a 21% share of total imports.

What is the average export price for cashew nuts in Finland?

In 2021, the average cashew nut export price amounted to $3,806 per ton, flattening at the previous year.

What is the average import price for cashew nuts in Finland?

In 2021, the average cashew nut import price amounted to $9,011 per ton, falling by -13% against the previous year.

This report provides an in-depth analysis of the cashew nut market in Finland. 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:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023