Report Update Apr 1, 2024

Latvia - Cashew Nuts - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Cashew Nut Market 2024

Cashew Nut Market Size in Latvia

In 2022, after two years of decline, there was significant decline in the Latvian cashew nut market, when its value decreased by X% to $X. In general, consumption showed a deep setback. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Cashew Nut Production in Latvia

In value terms, cashew nut production fell notably to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt curtailment. Cashew nut production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

The average yield of cashew nuts in Latvia was estimated at less than X kg per ha in 2022, remaining constant against the previous year's figure. In general, the yield continues to indicate 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 2022, the cashew nut harvested area in Latvia totaled less than X ha, stabilizing at 2021. Overall, the harvested area recorded a relatively flat trend pattern.

Cashew Nut Exports

Exports from Latvia

In 2022, exports of cashew nuts from Latvia skyrocketed to X kg, rising by X% on the previous year. Over the period under review, exports, however, saw a significant decrease. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, cashew nut exports surged to $X in 2022. Overall, exports, however, continue to indicate a sharp curtailment. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for cashew nut exports from Latvia, with a approx. X% share of total exports.

From 2016 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at X%.

In value terms, the Netherlands ($X) also remains the key foreign market for cashew nuts exports from Latvia.

From 2016 to 2022, the average annual growth rate of value to the Netherlands amounted to X%.

Export Prices by Country

In 2022, the average cashew nut export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price continues to indicate a slight decrease. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2016 to 2022, the rate of growth in terms of prices for Estonia amounted to X% per year.

Cashew Nut Imports

Imports into Latvia

After two years of decline, overseas purchases of cashew nuts decreased by X% to X kg in 2022. Overall, imports recorded a sharp decrease. The smallest decline of X% was in 2020. Imports peaked at X kg in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, cashew nut imports amounted to $X in 2022. In general, imports showed a significant curtailment. The smallest decline of X% was in 2020. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X kg) was the main supplier of cashew nut to Latvia, with a approx. X% share of total imports.

From 2016 to 2022, the average annual growth rate of volume from the Netherlands was relatively modest.

In value terms, the Netherlands ($X) constituted the largest supplier of cashew nuts to Latvia.

From 2016 to 2022, the average annual growth rate of value from the Netherlands was relatively modest.

Import Prices by Country

In 2022, the average cashew nut import price amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 when the average import price decreased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the Netherlands.

From 2016 to 2022, the rate of growth in terms of prices for Lithuania amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of consumption in 2023 were Vietnam, India and Ghana, together comprising 73% of global consumption. Nigeria, the Philippines, Benin, Brazil, Indonesia, Tanzania and Mozambique lagged somewhat behind, together comprising a further 19%.

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

The countries with the highest volumes of production in 2022 were Cote d'Ivoire, Ghana and India, together accounting for 45% of global production. Nigeria, Vietnam, Tanzania, the Philippines, Benin, Indonesia, Mozambique, Burkina Faso, Brazil and Guinea-Bissau lagged somewhat behind, together accounting for a further 45%.

What are the leading suppliers of cashew nuts to Latvia?

In value terms, the Netherlands $88) constituted the largest supplier of cashew nuts to Latvia.

What are the leading importers of cashew nuts from Latvia?

In value terms, the Netherlands remains the key foreign market for cashew nuts exports from Latvia.

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

In 2022, the average cashew nut export price amounted to $12,128 per ton, reducing by -14.5% against the previous year.

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

In 2022, the average cashew nut import price amounted to $3,385 per ton, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the cashew nut market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 217 - Cashew nuts

Country coverage:

Latvia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Latvia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023