Netherlands: Cashew Nut Market 2024

Cashew Nut Market Size in the Netherlands

The Dutch cashew nut market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption recorded a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cashew Nut Production in the Netherlands

In value terms, cashew nut production contracted dramatically to $X in 2021 estimated in export price. Overall, production saw significant growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 3,173% against the previous year. As a result, production attained the peak level of $X, and then shrank sharply in the following year.

Cashew Nut Exports

Exports from the Netherlands

Cashew nut exports from the Netherlands fell to X tons in 2021, waning by -14% on the previous year's figure. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 4,536%. Over the period under review, the exports reached the peak figure at X tons in 2020, and then declined in the following year.

In value terms, cashew nut exports fell to $X in 2021. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2017 with an increase of 2,919% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020, and then declined in the following year.

Exports by Country

Belgium (X tons), Germany (X tons) and Spain (X tons) were the main destinations of cashew nut exports from the Netherlands, together comprising 64% of total exports. These countries were followed by Greece, Hungary, Poland, the Czech Republic and France, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +645.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cashew nut exported from the Netherlands were Belgium ($X), Germany ($X) and Spain ($X), with a combined 74% share of total exports. France, Greece, Poland, the Czech Republic and Hungary lagged somewhat behind, together accounting for a further 17%.

Among the main countries of destination, Greece, with a CAGR of +476.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cashew nut export price stood at $X per ton in 2021, with an increase of 7.5% against the previous year. Over the period under review, the export price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 90% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Hungary ($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 Kenya (+2.1%), while the prices for the other major destinations experienced a decline.

Cashew Nut Imports

Imports into the Netherlands

In 2021, overseas purchases of cashew nuts decreased by -44.1% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports showed a mild decline. The pace of growth appeared the most rapid in 2014 with an increase of 735% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cashew nut imports reduced remarkably to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 395%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Italy (X tons) and the United States (X tons) were the main suppliers of cashew nut imports to the Netherlands, with a combined 98% share of total imports.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +379.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cashew nut suppliers to the Netherlands were Germany ($X), Italy ($X) and the United States ($X), together accounting for 99% of total imports.

Among the main suppliers, the United States, with a CAGR of +314.3%, recorded the highest rates of growth with regard to 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, surging by 46% against the previous year. Over the period under review, the import price showed measured growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 46% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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