Italy: Cashew Nut Market 2025

Cashew Nut Market Size in Italy

In 2021, the Italian cashew nut market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption recorded a prominent expansion. Cashew nut consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Cashew Nut Production in Italy

In value terms, cashew nut production expanded slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -20.7% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 45% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Cashew Nut Exports

Exports from Italy

In 2021, shipments abroad of cashew nuts decreased by -98.7% to X kg, falling for the second consecutive year after five years of growth. In general, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 237%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, cashew nut exports shrank markedly to $X in 2021. Overall, exports recorded a significant contraction. The pace of growth appeared the most rapid in 2017 with an increase of 356%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X kg) was the main destination for cashew nut exports from Italy, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Belgium totaled -35.6%.

In value terms, Belgium ($X) remains the key foreign market for cashew nut exports from Italy, comprising 99% of total exports. The second position in the ranking was taken by Slovenia ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium stood at -43.9%.

Export Prices by Country

In 2021, the average cashew nut export price amounted to $X per ton, dropping by -34.3% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 114% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to Slovenia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (-0.4%), while the prices for the other major destinations experienced a decline.

Cashew Nut Imports

Imports into Italy

In 2021, purchases abroad of cashew nuts was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports posted buoyant growth. The pace of growth was the most pronounced in 2014 when imports increased by 760% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, cashew nut imports surged to $X in 2021. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 562% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) was the main cashew nut supplier to Italy, accounting for a 94% share of total imports. It was followed by the UK (X tons), with a 2.3% share of total imports. The third position in this ranking was taken by Spain (X tons), with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled +47.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+0.5% per year) and Spain (+47.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of cashew nut to Italy, comprising 90% of total imports. The second position in the ranking was held by the UK ($X), with a 4.5% share of total imports. It was followed by India, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands totaled +52.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+5.1% per year) and India (+1.3% per year).

Import Prices by Country

The average cashew nut import price stood at $X per ton in 2021, waning by -25.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 38% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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