Luxembourg: Cashew Nut Market 2025

Cashew Nut Market Size in Luxembourg

The Luxembourg cashew nut market surged to $X in 2021, picking up by 66% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a buoyant expansion. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Cashew Nut Exports

Exports from Luxembourg

Cashew nut exports from Luxembourg skyrocketed to X kg in 2019, rising by 100% compared with 2018 figures. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X kg in 2017; however, from 2018 to 2019, the exports failed to regain momentum.

In value terms, cashew nut exports surged to $X in 2019. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 99% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for cashew nut exports from Luxembourg, accounting for a 88% share of total exports. Moreover, cashew nut exports to the Netherlands exceeded the volume sent to the second major destination, Ghana (X kg), more than tenfold.

From 2012 to 2019, the average annual rate of growth in terms of volume to the Netherlands stood at +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (0.0% per year) and Germany (-9.4% per year).

In value terms, the Netherlands ($X) remains the key foreign market for cashew nut exports from Luxembourg, comprising 72% of total exports. The second position in the ranking was taken by Ghana ($X), with a 17% share of total exports. It was followed by Germany, with an 8.8% share.

From 2012 to 2019, the average annual rate of growth in terms of value to the Netherlands stood at +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (0.0% per year) and Germany (-4.2% per year).

Export Prices by Country

In 2019, the average cashew nut export price amounted to $X per ton, falling by -13% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2019: its price increased at an average annual rate of +6.1% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, cashew nut export price increased by +3.1% against 2017 indices. The pace of growth was the most pronounced in 2015 an increase of 66% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2019, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Ghana ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cashew Nut Imports

Imports into Luxembourg

In 2021, imports of cashew nuts into Luxembourg soared to X tons, picking up by 82% on the previous year. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by 840%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, cashew nut imports soared to $X in 2021. Overall, imports showed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 563% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of cashew nut imports to Luxembourg, with a combined 96% share of total imports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +118.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Belgium ($X) constituted the largest cashew nut suppliers to Luxembourg, together accounting for 97% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +129.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cashew nut import price stood at $X per ton in 2021, dropping by -10.5% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.8% 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 increased by +24.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 40% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Germany ($X per ton) and the Netherlands ($X per ton), while the price for Belgium ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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