Switzerland: Cashew Nut Market Overview 2021

Cashew Nut Market Size in Switzerland

The Swiss cashew nut market surged to $X in 2020, jumping by X% against the previous year. Over the period under review, consumption enjoyed significant growth. The pace of growth was the most pronounced in 2010 when the market value increased by X% year-to-year. Cashew nut consumption peaked at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Cashew Nut Production in Switzerland

In value terms, cashew nut production stood at $X in 2020 estimated in export prices. in general, production saw a remarkable increase. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Cashew nut production peaked at $X in 2009; however, from 2010 to 2020, production remained at a lower figure.

The average yield of cashew nuts in Switzerland amounted to X kg per ha in 2020, remaining relatively unchanged against 2019 figures. Over the period under review, the yield showed 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 2020, the total area harvested in terms of cashew nuts production in Switzerland was estimated at X ha, leveling off at the year before. in general, the harvested area showed a relatively flat trend pattern.

Cashew Nut Exports

Exports from Switzerland

In 2020, shipments abroad of cashew nuts increased by X% to X tonnes, rising for the seventh consecutive year after four years of decline. Over the period under review, exports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. As a result, exports reached the peak of X tonnes. from 2010 to 2020, the growth exports failed to regain the momentum.

In value terms, cashew nut exports reduced to $X in 2020. in general, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. Exports peaked at $X in 2009; however, from 2010 to 2020, exports remained at a lower figure.

Exports by Country

Germany (X tonnes) was the main destination for cashew nut exports from Switzerland, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Germany amounted to +X%.

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

From 2007 to 2020, the average annual rate of growth in terms of value to Germany totaled +X%.

Export Prices by Country

In 2020, the average cashew nut export price amounted to $X per tonne, with a decrease of -X% against the previous year. Overall, the export price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per tonne in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

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

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

Cashew Nut Imports

Imports into Switzerland

In 2020, approx. X tonnes of cashew nuts were imported into Switzerland; picking up by X% against the previous year's figure. Overall, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cashew nut imports soared to $X in 2020. Over the period under review, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, the Netherlands (X tonnes) constituted the largest supplier of cashew nut to Switzerland, accounting for a X% share of total imports. Moreover, cashew nut imports from the Netherlands exceeded the figures recorded by the second-largest supplier, India (X tonnes), sixfold. The third position in this ranking was occupied by France (X kg), with a X% share.

From 2007 to 2020, 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: India (-X% per year) and France (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value from the Netherlands totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and France (+X% per year).

Import Prices by Country

The average cashew nut import price stood at $X per tonne in 2020, with an increase of X% against the previous year. in general, the import price continues to indicate strong growth. As a result, import price reached 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 2020, the country with the highest price was India ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform