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Norway - Cashew Nuts - Market Analysis, Forecast, Size, Trends and Insights
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Norway: Cashew Nut Market Overview 2021

Cashew Nut Market Size in Norway

The Norwegian cashew nut market soared to $X in 2020, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). in general, consumption recorded strong growth. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level in 2020 and is expected to retain growth in years to come.

Cashew Nut Exports

Exports from Norway

In 2020, shipments abroad of cashew nuts decreased by -X% to X kg, falling for the fifth consecutive year after two years of growth. Over the period under review, exports faced a dramatic setback. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, cashew nut exports declined dramatically to $X in 2020. in general, exports faced a dramatic decrease. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Exports peaked at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

Exports by Country

Sweden (X kg) was the main destination for cashew nut exports from Norway, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Sweden amounted to -X%.

In value terms, Sweden ($X) also remains the key foreign market for cashew nut exports from Norway.

From 2007 to 2020, the average annual growth rate of value to Sweden stood at -X%.

Export Prices by Country

The average cashew nut export price stood at $X per tonne in 2020, remaining relatively unchanged against the previous year. in general, the export price recorded a tangible expansion. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2007 to 2020, the rate of growth in terms of prices for Sweden amounted to +X% per year.

Cashew Nut Imports

Imports into Norway

In 2020, cashew nut imports into Norway surged to X tonnes, increasing by X% on 2019. Overall, imports showed a resilient increase. The growth pace was the most rapid in 2019 when imports increased by X% y-o-y. Imports peaked in 2020 and are likely to see gradual growth in the near future.

In value terms, cashew nut imports soared to $X in 2020. in general, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum in 2020 and are likely to see gradual growth in the near future.

Imports by Country

In 2020, Viet Nam (X tonnes) constituted the largest cashew nut supplier to Norway, accounting for a X% share of total imports. Moreover, cashew nut imports from Viet Nam exceeded the figures recorded by the second-largest supplier, India (X tonnes), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Viet Nam amounted to +X%.

In value terms, Viet Nam ($X) constituted the largest supplier of cashew nut to Norway, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Viet Nam amounted to +X%.

Import Prices by Country

In 2020, the average cashew nut import price amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the import price, however, posted a resilient expansion. The pace of growth was the most pronounced in 2008 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2019, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. in 2020, the country with the highest price was Viet Nam ($X per tonne), while the price for India stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Viet Nam.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cashew nuts in the world?
+
The countries with the highest volumes of cashew nut consumption in 2020 were India (1.6M tonnes), Viet Nam (1.5M tonnes) and Cote d'Ivoire (310K tonnes), together accounting for 73% of global consumption. The Philippines, Mali, Brazil, Burkina Faso, Guinea-Bissau and Mozambique lagged somewhat behind, together accounting for a further 18%.
What are the largest producers of cashew nuts in the world?
+
The countries with the highest volumes of cashew nut production in 2020 were Cote d'Ivoire (864K tonnes), India (754K tonnes) and Ghana (346K tonnes), together comprising 46% of global production. Viet Nam, the Philippines, Tanzania, Benin, Mali, Guinea-Bissau, Burkina Faso, Brazil, Indonesia and Mozambique lagged somewhat behind, together accounting for a further 45%.
What are the leading suppliers of cashew nuts to Norway?
+
In value terms, Viet Nam ($371K) constituted the largest supplier of cashew nut to Norway, comprising 79% of total imports. The second position in the ranking was occupied by India ($98K), with a 21% share of total imports.
What are the leading importers of cashew nuts from Norway?
+
In value terms, Sweden ($143) remains the key foreign market for cashew nut exports from Norway.
What is the average export price for cashew nuts in Norway?
+
In 2020, the average cashew nut export price amounted to $7,526 per tonne, stabilizing at the previous year.
What is the average import price for cashew nuts in Norway?
+
The average cashew nut import price stood at $12,198 per tonne in 2020, falling by -12.6% against the previous year.

Product coverage:
• FCL 217 - Cashew nuts

This report provides an in-depth analysis of the cashew nut market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Norway

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Norway
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings in 2020
Table 2:
Market Volume, in Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption in 2007–2020
Table 5:
Imports, in Physical Terms, by Country, 2007–2020
Table 6:
Imports, in Value Terms, by Country, 2007–2020
Table 7:
Import Prices, by Country of Origin, 2007–2020
Table 8:
Exports, in Physical Terms, by Country, 2007–2020
Table 9:
Exports, in Value Terms, by Country, 2007–2020
Table 10:
Export Prices, by Country of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, in Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, in Value Terms, 2007–2020
Figure 5:
Trade Balance, in Physical Terms, 2007–2020
Figure 6:
Trade Balance, in Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast to 2030
Figure 9:
Products: Market Size and Growth, by Type
Figure 10:
Products: Average Per Capita Consumption, by Type
Figure 11:
Products: Exports and Growth, by Type
Figure 12:
Products: Export Prices and Growth, by Type
Figure 13:
Production Volume and Growth
Figure 14:
Yield and Growth
Figure 15:
Exports and Growth
Figure 16:
Export Prices and Growth
Figure 17:
Market Size and Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports and Growth
Figure 20:
Import Prices
Figure 21:
Production, in Physical Terms, 2007–2020
Figure 22:
Production, in Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, in Physical Terms, 2007–2020
Figure 26:
Imports, in Value Terms, 2007–2020
Figure 27:
Imports, in Physical Terms, by Country, 2020
Figure 28:
Imports, in Physical Terms, by Country, 2007–2020
Figure 29:
Imports, in Value Terms, by Country, 2007–2020
Figure 30:
Import Prices, by Country of Origin, 2007–2020
Figure 31:
Exports, in Physical Terms, 2007–2020
Figure 32:
Exports, in Value Terms, 2007–2020
Figure 33:
Exports, in Physical Terms, by Country, 2020
Figure 34:
Exports, in Physical Terms, by Country, 2007–2020
Figure 35:
Exports, in Value Terms, by Country, 2007–2020
Figure 36:
Export Prices, by Country of Destination, 2007–2020
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