Switzerland: Cashew Nut Market Overview 2021

Cashew Nut Market Size in Switzerland

The Swiss cashew nut market skyrocketed to $X in 2020, rising by X% against the previous year. In general, consumption showed significant growth. The pace of growth appeared the most rapid in 2010 when the market value increased by X% y-o-y. Cashew nut consumption peaked at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Cashew Nut Production in Switzerland

In value terms, cashew nut production amounted to $X in 2020 estimated in export prices. Overall, production posted a strong expansion. The pace of growth was the most pronounced in 2008 when the production volume increased by X% year-to-year. Cashew nut production peaked at $X in 2009; however, from 2010 to 2020, production failed to regain the momentum.

The average yield of cashew nuts in Switzerland was estimated at X kg per ha in 2020, flattening at the previous year's figure. In general, 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, approximately reflecting the previous year's figure. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Cashew Nut Exports

Exports from Switzerland

In 2020, overseas shipments of cashew nuts increased by X% to X tonnes, rising for the seventh year in a row after four years of decline. In general, exports, however, continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes. From 2010 to 2020, the growth exports remained at a lower figure.

In value terms, cashew nut exports fell modestly to $X in 2020. Overall, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Exports peaked at $X in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

Exports by Country

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

From 2007 to 2020, the average annual growth rate of volume to Germany stood at +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, declining by -X% against the previous year. Overall, the export price, however, recorded a remarkable increase. The growth pace was the most rapid in 2010 an increase of X% y-o-y. 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 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; growing by X% against 2019. Overall, imports showed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cashew nut imports skyrocketed to $X in 2020. In general, imports saw a buoyant increase. 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. France (X kg) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the Netherlands stood at +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 rate of growth in terms 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

In 2020, the average cashew nut import price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the import price enjoyed a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per tonne), while the price for the UK ($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 AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cashew nuts in the world?

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India (1.6M tonnes) remains the largest cashew nut consuming country worldwide, comprising approx. 44% of total volume. Moreover, cashew nut consumption in India exceeded the figures recorded by the second-largest consumer, Viet Nam (348K tonnes), fivefold. The third position in this ranking was occupied by the Philippines (258K tonnes), with a 7% share.

What are the largest producers of cashew nuts in the world?

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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), with a combined 47% share of global production. Viet Nam, the Philippines, Tanzania, Benin, Mali, Guinea-Bissau, Burkina Faso, Brazil, Indonesia and Mozambique lagged somewhat behind, together comprising a further 45%.

What are the leading suppliers of cashew nuts to Switzerland?

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In value terms, the Netherlands ($241K) constituted the largest supplier of cashew nut to Switzerland, comprising 76% of total imports. The second position in the ranking was occupied by India ($46K), with a 14% share of total imports. It was followed by France, with a 3.7% share.

What are the leading importers of cashew nuts from Switzerland?

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In value terms, Germany ($62K) remains the key foreign market for cashew nut exports from Switzerland.

What is the average export price for cashew nuts in Switzerland?

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In 2020, the average cashew nut export price amounted to $11,065 per tonne, with a decrease of -7.2% against the previous year.

What is the average import price for cashew nuts in Switzerland?

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The average cashew nut import price stood at $14,173 per tonne in 2020, growing by 117% against the previous year.