Greece: Cashew Nut Market 2025

Cashew Nut Market Size in Greece

The Greek cashew nut market dropped markedly to $X in 2021, waning by -16.5% against the previous year. Overall, consumption continues to indicate a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Cashew Nut Production in Greece

In value terms, cashew nut production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of 28%. Cashew nut production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Cashew Nut Exports

Exports from Greece

In 2021, exports of cashew nuts from Greece fell significantly to X kg, which is down by -97.7% on 2020. In general, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of 1,062%. Over the period under review, the exports reached the maximum at X tons in 2020, and then dropped significantly in the following year.

In value terms, cashew nut exports contracted dramatically to $X in 2021. Over the period under review, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,911%. Over the period under review, the exports attained the maximum at $X in 2020, and then shrank significantly in the following year.

Exports by Country

The UK (X kg) and Belgium (X kg) were the main destinations of cashew nut exports from Greece.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +48.4%).

In value terms, the UK ($X) and Belgium ($X) were the largest markets for cashew nut exported from Greece worldwide.

Belgium, with a CAGR of +56.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average cashew nut export price amounted to $X per ton, growing by 34% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +12.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by 73%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to the UK totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cashew Nut Imports

Imports into Greece

Cashew nut imports into Greece fell remarkably to X kg in 2021, which is down by -90.3% on the previous year's figure. Overall, imports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 654% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, cashew nut imports dropped sharply to $X in 2021. Over the period under review, imports faced a precipitous curtailment. The pace of growth was the most pronounced in 2020 with an increase of 713%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X kg) was the main cashew nut supplier to Greece, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled +28.7%.

In value terms, the Netherlands ($X) constituted the largest supplier of cashew nut to Greece.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at +32.5%.

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 period under review, the import price, however, recorded a slight curtailment. The pace of growth was the most pronounced in 2015 when the average import price increased by 35% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the Netherlands.

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to +19.3% per year.

Source: IndexBox Platform

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