Ireland: Market for Nuts (Prepared Or Preserved) 2023

Market Size for Nuts (Prepared Or Preserved) in Ireland

The Irish nuts (prepared or preserved) market contracted slightly to $X in 2021, with a decrease of -3.1% against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +17.1% against 2017 indices. Nuts (prepared or preserved) consumption peaked at $X in 2020, and then declined in the following year.

Production of Nuts (Prepared Or Preserved) in Ireland

In value terms, nuts (prepared or preserved) production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 433%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Nuts (Prepared Or Preserved)

Exports from Ireland

In 2021, nuts (prepared or preserved) exports from Ireland soared to X tons, increasing by 80% compared with the previous year. Overall, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 652%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, nuts (prepared or preserved) exports skyrocketed to $X in 2021. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 918%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

The UK (X tons) was the main destination for nuts (prepared or preserved) exports from Ireland, accounting for a 72% share of total exports. Moreover, nuts (prepared or preserved) exports to the UK exceeded the volume sent to the second major destination, the Czech Republic (X tons), sixfold. The third position in this ranking was held by Italy (X tons), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK totaled +57.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-16.4% per year) and Italy (+49.9% per year).

In value terms, the UK ($X) remains the key foreign market for nuts (prepared or preserved) exports from Ireland, comprising 66% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 25% share of total exports. It was followed by Belgium, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +59.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-11.1% per year) and Belgium (+322.2% per year).

Export Prices by Country

In 2021, the average nuts (prepared or preserved) export price amounted to $X per ton, falling by -9.7% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 35%. The export price peaked at $X per ton in 2020, and then reduced in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Italy ($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 Belgium (+35.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nuts (Prepared Or Preserved)

Imports into Ireland

After two years of growth, purchases abroad of nuts (prepared or preserved) decreased by -23.9% to X tons in 2021. In general, imports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2014 when imports increased by 48%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, nuts (prepared or preserved) imports stood at $X in 2021. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +7.9% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 58% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The UK (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of nuts (prepared or preserved) imports to Ireland, together accounting for 82% of total imports. These countries were followed by Turkey, Spain, Thailand and China, which together accounted for a further 8.7%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +12.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest nuts (prepared or preserved) suppliers to Ireland were the UK ($X), Germany ($X) and Turkey ($X), with a combined 85% share of total imports. The Netherlands, Spain, Thailand and China lagged somewhat behind, together accounting for a further 8.1%.

Spain, with a CAGR of +12.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nuts (prepared or preserved) import price stood at $X per ton in 2021, jumping by 38% 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 +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nuts (prepared or preserved) import price increased by +23.9% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Thailand ($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 (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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