United Kingdom: Cashew Nut Market Overview 2020

Cashew Nut Market Size in the UK

The revenue of the cashew nut market in the UK amounted to $X in 2018, remaining constant 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, cashew nut consumption continues to indicate resilient growth. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Over the period under review, the cashew nut market attained its maximum level at $X in 2011; however, from 2012 to 2018, consumption remained at a lower figure.

Cashew Nut Exports

Exports from the UK

In 2018, the amount of cashew nuts exported from the UK totaled X tonnes, going down by -X% against the previous year. Over the period under review, cashew nut exports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. In that year, cashew nut exports reached their peak of X tonnes. From 2014 to 2018, the growth of cashew nut exports remained at a somewhat lower figure.

In value terms, cashew nut exports totaled $X in 2018. In general, cashew nut exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. In that year, cashew nut exports reached their peak of $X. From 2017 to 2018, the growth of cashew nut exports remained at a somewhat lower figure.

Exports by Country

India (X tonnes) was the main destination for cashew nut exports from the UK, accounting for a X% share of total exports. Moreover, cashew nut exports to India exceeded the volume sent to the second major destination, Italy (X tonnes), tenfold. The third position in this ranking was occupied by Ireland (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to India stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Ireland (+X% per year).

In value terms, the largest markets for cashew nut exported from the UK were India ($X), Bulgaria ($X) and Ireland ($X), with a combined X% share of total exports.

In terms of the main countries of destination, India (+X% per year) experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average cashew nut export price amounted to $X per tonne, picking up by X% against the previous year. In general, the cashew nut export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. In that year, the average export prices for cashew nuts reached their peak level of $X per tonne. From 2017 to 2018, the growth in terms of the average export prices for cashew nuts remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to India ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria, while the prices for the other major destinations experienced more modest paces of growth.

Cashew Nut Imports

Imports into the UK

Cashew nut imports into the UK stood at X tonnes in 2018, rising by X% against the previous year. Over the period under review, cashew nut imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2011; however, from 2012 to 2018, imports remained at a lower figure.

In value terms, cashew nut imports totaled $X in 2018. Overall, cashew nut imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Over the period under review, cashew nut imports reached their maximum at $X in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Cote d'Ivoire (X tonnes) constituted the largest supplier of cashew nut to the UK, with a X% share of total imports. Moreover, cashew nut imports from Cote d'Ivoire exceeded the figures recorded by the second-largest supplier, Viet Nam (X tonnes), more than tenfold. Ghana (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Cote d'Ivoire amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Viet Nam (+X% per year) and Ghana (+X% per year).

In value terms, Viet Nam ($X), Ghana ($X) and Nigeria ($X) constituted the largest cashew nut suppliers to the UK, with a combined X% share of total imports. These countries were followed by Cote d'Ivoire, the Netherlands and Poland, which together accounted for a further X Netherlands (+X% per year) recorded the highest growth rate of imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average cashew nut import price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the cashew nut import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Nigeria ($X per tonne), while the price for Cote d'Ivoire ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Nigeria, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform