Belgium: Cashew Nut Market 2024

Cashew Nut Market Size in Belgium

The Belgian cashew nut market contracted remarkably to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, saw a prominent increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Cashew Nut Production in Belgium

In value terms, cashew nut production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume decreased by X% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in years to come.

The average yield of cashew nuts in Belgium totaled less than X kg per ha in 2022, leveling off at the previous year's figure. Over the period under review, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cashew nuts production in Belgium totaled less than X ha, remaining stable against the previous year's figure. In general, the harvested area showed a relatively flat trend pattern.

Cashew Nut Exports

Exports from Belgium

In 2022, approx. X tons of cashew nuts were exported from Belgium; jumping by X% compared with the previous year's figure. Overall, exports recorded a tangible increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cashew nut exports surged to $X in 2022. In general, exports recorded a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for cashew nut exports from Belgium, with a X% share of total exports. It was followed by France (X tons), with a X% share of total exports. The third position in this ranking was taken by Luxembourg (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Luxembourg (X% per year).

In value terms, Germany ($X) emerged as the key foreign market for cashew nuts exports from Belgium, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Luxembourg, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Luxembourg (X% per year).

Export Prices by Country

The average cashew nut export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cashew nut export price decreased by X% against 2019 indices. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cashew Nut Imports

Imports into Belgium

After two years of growth, overseas purchases of cashew nuts decreased by X% to X tons in 2022. Overall, imports, however, recorded prominent growth. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, cashew nut imports declined significantly to $X in 2022. In general, imports, however, posted resilient growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of cashew nut to Belgium, accounting for a X% share of total imports. Moreover, cashew nut imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by France (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and France (X% per year).

In value terms, Italy ($X) constituted the largest supplier of cashew nuts to Belgium, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average cashew nut import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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