Italy: Cashew Nut Market 2024

Cashew Nut Market Size in Italy

In 2022, after five years of growth, there was significant decline in the Italian cashew nut market, when its value decreased by X% to $X. Overall, consumption saw a pronounced decrease. As a result, consumption reached the peak level of $X, and then declined notably in the following year.

Cashew Nut Production in Italy

In value terms, cashew nut production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, recorded significant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X,300%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

In 2022, the average yield of cashew nuts in Italy amounted to less than X kg per ha, almost unchanged from the year before. Overall, the yield recorded 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 harvested area of cashew nuts in Italy totaled less than X ha, standing approx. at 2021 figures. Overall, the harvested area showed a relatively flat trend pattern.

Cashew Nut Exports

Exports from Italy

After two years of decline, overseas shipments of cashew nuts increased by X% to X tons in 2022. In general, exports, however, showed a abrupt slump. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, cashew nut exports soared to $X in 2022. Over the period under review, exports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Croatia (X tons) and Slovenia (X kg) were the main destinations of cashew nut exports from Italy, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, France ($X) remains the key foreign market for cashew nuts exports from Italy, comprising X% of total exports. The second position in the ranking was held by Croatia ($X), with a X% share of total exports.

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

Export Prices by Country

The average cashew nut export price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price continues to indicate a noticeable decline. The growth pace was the most rapid in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Croatia ($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 Italy

In 2022, after two years of growth, there was significant decline in overseas purchases of cashew nuts, when their volume decreased by X% to X tons. Over the period under review, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cashew nut imports shrank remarkably to $X in 2022. In general, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Spain (X tons) and France (X tons) were the main suppliers of cashew nut imports to Italy, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Spain ($X) and France ($X) constituted the largest cashew nut suppliers to Italy, with a combined X% share of total imports.

Spain, with a CAGR of X%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average cashew nut import price amounted to $X per ton, leveling off at the previous year. In general, the import price, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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