The Netherland Cashew Market is estimated to grow at a CAGR of 3.2% during the forecast period 2020-2025. The Netherlands is the largest European importer of cashew nut kernels, accounting for more than 40% of the total regional imports. Globally, the country comprises 10% of the total trade. The demand for the nut is growing at a continuous rate of 3-4% annually, thus making cashew the cheapest tree nut. The favorable exchange rates and stable prices in the regional market are triggering the interest of packers and consumers equally.
Key Market Trends
Import Dominates the Cashew Market
As the largest importer and re-exporter in Europe, the Netherlands is a highly relevant market for cashew trade in Europe. The country is the main distribution center for cashew nut kernels in Europe and has 93% share of imports sourced directly. The country also possesses a number of specialized organic and fair trade importers mainly active in the European snack segment. According to International Trade Centre, during the forecast period 2016-2018, the import of cashew in the region has seen an increase of 60.77% whereas the export of cashew in the region has seen only an increase of 30.18% indicating that there is a high demand for cashew in the region causing a rise in the import opportunities within, In 2019, Netherland imported cashew value of 497,424 metric tonnes up from 414,647 metric tonnes in 2016. Vietnam, India, Phillippines are some of the major exporters of Cashew to the Netherland.
The Netherlands is the largest cashew nuts re-exporter
Since the European climate is not suitable for growing Cashews, exports of Cashew in the market are actually the re-export of imported cashews. However, the imported cashews undergo various processing procedures in terms of the export requirements. The Netherlands alone accounts for 50% of the total re-export of cashew products in the European region. Germany, Belgium, France, Poland are some of the major importers of cashew from the Netherlands. During the forecast period, the export in the Netherlands saw an increase of 39.01% in the overall cashew export to the world.
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