Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Belgium - 2023
Contents:
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Belgium (CIF) - 2023
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Belgium (FOB) - 2023
- Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Belgium
- Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Belgium
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Belgium (CIF) - 2023
In October 2023, the average import price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $5,337 per ton, falling by -17.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.2%. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 73% m-o-m. Over the period under review, average import prices attained the maximum at $6,875 per ton in February 2023; however, from March 2023 to October 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Burkina Faso ($7,484 per ton), while the price for Benin ($4,000 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Belgium (FOB) - 2023
The average export price for nuts, edible; cashew nuts, shelled, fresh or drieds stood at $7,789 per ton in October 2023, rising by 54% against the previous month. Overall, export price indicated a strong expansion from October 2022 to October 2023: its price increased at an average monthly rate of +5.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for nuts, edible; cashew nuts, shelled, fresh or drieds increased by +67.5% against August 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Iceland.
From October 2022 to October 2023, the rate of growth in terms of prices for Iceland amounted to +2.5% per month.
Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Belgium
After three years of growth, supplies from abroad of nuts, edible; cashew nuts, shelled, fresh or drieds decreased by -32.5% to 7.1K tons in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.9% over the last three-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 2020 with an increase of 75%.
In value terms, imports of nuts, edible; cashew nuts, shelled, fresh or drieds shrank rapidly to $41M in 2022. Overall, imports showed a noticeable decrease. The pace of growth was the most pronounced in 2020 when imports increased by 38% against the previous year.
| Import of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 41.7 | 32.9 | 30.8 | 19.8 | -22.0% |
| Cote d'Ivoire | N/A | 4.6 | 8.8 | 6.3 | 17.0% |
| Germany | 2.0 | 3.2 | 3.9 | 3.4 | 19.3% |
| Vietnam | 1.2 | 6.2 | 2.1 | 2.8 | 32.6% |
| Italy | 1.6 | 1.9 | 1.7 | 2.2 | 11.2% |
| Nigeria | N/A | 0.3 | 1.8 | 1.8 | 144.9% |
| Burkina Faso | N/A | 4.9 | 7.1 | 0.9 | -57.1% |
| Togo | N/A | 3.5 | 4.0 | 0.8 | -52.2% |
| Benin | 0.4 | 1.3 | 1.2 | 0.7 | 20.5% |
| Others | 0.8 | 6.8 | 5.0 | 2.4 | 44.2% |
| Total | 47.7 | 65.7 | 66.3 | 41.0 | -4.9% |
Top Suppliers of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried to Belgium in 2022:
- Netherlands (3465.3 tons)
- Cote d'Ivoire (1367.5 tons)
- Vietnam (445.2 tons)
- Germany (399.4 tons)
- Nigeria (376.6 tons)
- Italy (232.6 tons)
- Benin (202.9 tons)
- Togo (166.8 tons)
- Burkina Faso (116.7 tons)
Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Belgium
After three years of growth, shipments abroad of nuts, edible; cashew nuts, shelled, fresh or drieds decreased by -47.4% to 3.2K tons in 2022. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 3,436% against the previous year.
In value terms, exports of nuts, edible; cashew nuts, shelled, fresh or drieds dropped dramatically to $17M in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 2,229% against the previous year.
| Export of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.1 | 17.4 | 25.9 | 10.5 | 371.8% |
| Germany | N/A | 7.9 | 1.3 | 3.7 | -31.6% |
| France | 0.3 | 2.2 | 2.3 | 2.0 | 88.2% |
| Others | 0.8 | 2.5 | 2.6 | 0.8 | 0.0% |
| Total | 1.3 | 30.0 | 32.2 | 16.9 | 135.1% |
Top Export Markets for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried from Belgium in 2022:
- Netherlands (2240.6 tons)
- Germany (483.3 tons)
- France (375.5 tons)
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