Denmark: Cashew Nut Market 2024

Cashew Nut Market Size in Denmark

The Danish cashew nut market soared to $X in 2022, rising by X% against the previous year. Overall, consumption showed a significant increase. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in years to come.

Cashew Nut Production in Denmark

In value terms, cashew nut production reduced to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Cashew nut production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

In 2022, the average yield of cashew nuts in Denmark amounted to less than X kg per ha, leveling off at 2021 figures. Over the period under review, the yield saw 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, approx. less than X ha of cashew nuts were harvested in Denmark; almost unchanged from 2021 figures. Overall, the harvested area showed a relatively flat trend pattern.

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Cashew Nut Exports

Exports from Denmark

Cashew nut exports from Denmark shrank notably to X tons in 2022, which is down by X% compared with the previous year's figure. In general, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, cashew nut exports declined rapidly to $X in 2022. Overall, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Greenland (X tons) was the main destination for cashew nut exports from Denmark, accounting for a X% share of total exports. Moreover, cashew nut exports to Greenland exceeded the volume sent to the second major destination, Faroe Islands (X kg), sixfold. The third position in this ranking was taken by Norway (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greenland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Faroe Islands (X% per year) and Norway (X% per year).

In value terms, Greenland ($X) emerged as the key foreign market for cashew nuts exports from Denmark, comprising X% of total exports. The second position in the ranking was taken by Faroe Islands ($X), with a X% share of total exports. It was followed by Norway, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Greenland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Faroe Islands (X% per year) and Norway (X% per year).

Export Prices by Country

In 2022, the average cashew nut export price amounted to $X per ton, falling by X% against the previous year. In general, the export price showed a pronounced downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 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 Faroe Islands ($X per ton), while the average price for exports to Greenland ($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 Faroe Islands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cashew Nut Imports

Imports into Denmark

In 2022, cashew nut imports into Denmark skyrocketed to X tons, with an increase of X% against 2021. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, cashew nut imports soared to $X in 2022. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of cashew nut to Denmark, accounting for a X% share of total imports. Moreover, cashew nut imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Sweden (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest cashew nut suppliers to Denmark were the Netherlands ($X), Germany ($X) and Sweden ($X), together comprising X% of total imports.

Among the main suppliers, Germany, with a CAGR of X%, 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 2022, shrinking by X% against the previous year. Over the period under review, the import price saw a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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