Switzerland: Cashew Nut Market 2023

Cashew Nut Market Size in Switzerland

The Swiss cashew nut market declined to $X in 2021, shrinking by -9.4% against the previous year. Overall, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Cashew nut consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Cashew Nut Production in Switzerland

In value terms, cashew nut production rose slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 48% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Cashew Nut Exports

Exports from Switzerland

In 2021, after three years of growth, there was decline in overseas shipments of cashew nuts, when their volume decreased by -4.3% to X tons. Overall, exports recorded a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 434%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, cashew nut exports expanded sharply to $X in 2021. In general, exports saw a mild decrease. The most prominent rate of growth was recorded in 2020 with an increase of 339%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for cashew nut exports from Switzerland, accounting for a 100% share of total exports. It was followed by Germany (X kg), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to India stood at +126.8%.

In value terms, India ($X) emerged as the key foreign market for cashew nut exports from Switzerland, comprising 99.9% of total exports. The second position in the ranking was held by Germany ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at +125.0%.

Export Prices by Country

In 2021, the average cashew nut export price amounted to $X per ton, with an increase of 19% against the previous year. In general, the export price saw a strong increase. The most prominent rate of growth was recorded in 2013 an increase of 118%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to Germany amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+9.0%), while the prices for the other major destinations experienced mixed trend patterns.

Cashew Nut Imports

Imports into Switzerland

Cashew nut imports into Switzerland fell notably to X tons in 2021, with a decrease of -72.9% compared with the previous year's figure. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 936% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, cashew nut imports declined notably to $X in 2021. Overall, imports, however, recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 921%. As a result, imports attained the peak of $X, and then reduced notably in the following year.

Imports by Country

The Netherlands (X tons), Austria (X tons) and the UK (X tons) were the main suppliers of cashew nut imports to Switzerland, together comprising 66% of total imports. Vietnam, France, Cote d'Ivoire and Germany lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were in France (with a CAGR of +72.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cashew nut suppliers to Switzerland were the Netherlands ($X), the UK ($X) and Vietnam ($X), with a combined 64% share of total imports. These countries were followed by Austria, France, Germany and Cote d'Ivoire, which together accounted for a further 22%.

Among the main suppliers, France, with a CAGR of +74.6%, saw the highest growth rate of 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

In 2021, the average cashew nut import price amounted to $X per ton, declining by -22.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 64%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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