United Kingdom: Cashew Nut Market Overview 2021

Cashew Nut Market Size in the UK

In 2019, after two years of growth, there was significant decline in the UK cashew nut market, when its value decreased by -X% to $X. Overall, consumption, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the market value increased by X% against the previous year. Cashew nut consumption peaked at $X in 2018, and then shrank significantly in the following year.

Cashew Nut Production in the UK

In value terms, cashew nut production totaled $X in 2019 estimated in export prices. In general, production continues to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% y-o-y. Cashew nut production peaked at $X in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.

The average yield of cashew nuts in the UK totaled X kg per ha in 2019, almost unchanged from 2018 figures. Overall, the yield recorded 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.

The cashew nut harvested area in the UK was estimated at X ha in 2019, remaining stable against the previous year. In general, the harvested area recorded a relatively flat trend pattern.

Cashew Nut Exports

Exports from the UK

Cashew nut exports from the UK contracted to X tonnes in 2019, waning by -X% against the year before. In general, exports recorded a perceptible descent. The growth pace was the most rapid in 2016 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. From 2017 to 2019, the growth exports remained at a lower figure.

In value terms, cashew nut exports reduced sharply to $X in 2019. Overall, exports saw a noticeable downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, exports attained the peak of $X. From 2017 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

Italy (X tonnes), Ireland (X tonnes) and the Netherlands (X tonnes) were the main destinations of cashew nut exports from the UK, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in the Netherlands (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), Italy ($X) and the Netherlands ($X) appeared to be the largest markets for cashew nut exported from the UK worldwide, with a combined X% share of total exports.

The Netherlands (+X% per year) saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cashew nut export price stood at $X per tonne in 2019, waning by -X% against the previous year. Overall, export price indicated a modest expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2018, and then declined rapidly in the following year.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced more modest paces of growth.

Cashew Nut Imports

Imports into the UK

In 2019, the amount of cashew nuts imported into the UK dropped rapidly to X tonnes, shrinking by -X% against 2018. Overall, imports, however, showed modest growth. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes, and then shrank sharply in the following year.

In value terms, cashew nut imports contracted notably to $X in 2019. Over the period under review, imports, however, enjoyed a mild expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, imports attained the peak of $X, and then dropped remarkably in the following year.

Imports by Country

In 2019, Guinea-Bissau (X tonnes) constituted the largest cashew nut supplier to the UK, with a X% share of total imports. Moreover, cashew nut imports from Guinea-Bissau exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), eightfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Guinea-Bissau totaled +X%.

In value terms, Guinea-Bissau ($X) constituted the largest supplier of cashew nut to the UK, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Guinea-Bissau totaled +X%.

Import Prices by Country

The average cashew nut import price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2008; however, from 2009 to 2019, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was Germany ($X per tonne), while the price for Guinea-Bissau amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany.

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. 43% of total volume. Moreover, cashew nut consumption in India exceeded the figures recorded by the second-largest consumer, Viet Nam (501K tonnes), threefold. Burundi (283K tonnes) ranked third in terms of total consumption with a 7.6% 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 2019 were Cote d'Ivoire (793K tonnes), India (743K tonnes) and Ghana (321K tonnes), with a combined 41% share of global production. These countries were followed by Burundi, Viet Nam, the Philippines, Nigeria, Tanzania, Benin, Mali, Guinea-Bissau, Brazil and Burkina Faso, which together accounted for a further 46%.

What are the leading suppliers of cashew nuts to the UK?

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In value terms, Guinea-Bissau ($1.3M) constituted the largest supplier of cashew nut to the UK, comprising 88% of total imports. The second position in the ranking was occupied by Germany ($167K), with a 12% share of total imports.

What are the leading importers of cashew nuts from the UK?

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In value terms, Ireland ($259K), Italy ($213K) and the Netherlands ($112K) appeared to be the largest markets for cashew nut exported from the UK worldwide, together accounting for 69% of total exports.

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

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The average cashew nut export price stood at $6,080 per tonne in 2019, shrinking by -20.3% against the previous year.

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

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In 2019, the average cashew nut import price amounted to $7,292 per tonne, which is down by -7% against the previous year.