Germany Cashew Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 758.90 Million |
| Market Size (2029) | USD 927.80 Million |
| CAGR (2024 - 2029) | 4.10 % |
Germany Cashew Market Analysis
The Germany Cashew Market size is estimated at USD 758.90 million in 2024, and is expected to reach USD 927.80 million by 2029, at a CAGR of 4.10% during the forecast period (2024-2029).
- Germany stands as the second-largest importer of cashew nuts by value and the third-largest by volume globally. With negligible domestic production, the country relies heavily on imports to meet its cashew demand. In 2023, Germany imported cashews valued at USD 425,015, according to the ITC Trade Map. Among European nations, Germany leads in cashew nut consumption. The demand for cashews as snacks in Germany fluctuates seasonally, reaching its peak during the winter months and declining in summer.
- Moreover, the country also serves as a significant re-exporter of cashew nuts to neighboring countries, including France, Poland, Luxembourg, and the United Kingdom. The Centre for the Promotion of Imports from Developing Countries (CBI), under the Ministry of Foreign Affairs, identifies Germany as a transit country for imported cashew nuts. Annually, Germany re-exports 38% of its imported cashews, with 99% destined for European markets.
- German consumers are increasingly aware of the health benefits associated with nuts. Cashews are marketed for their high iron content, which supports a strong immune system, and vitamin K, which contributes to healthy blood and bones. The appealing taste of cashews is another factor driving increased consumption. Additionally, favorable exchange rates and stable prices in the regional market are attracting both packers and consumers. The combination of rising imports, re-exports, and demand from the processing industry is fueling cashew nut consumption in Germany.
Germany Cashew Market Trends
Rising Cashew Consumption Drives Import Growth
Germany is Europe's second-largest importer of cashew nuts, accounting for 53% of the imported cashews circulated within the region. The major exporters of cashew nuts to Germany include Vietnam, India, Cote d'Ivoire, Burkina Faso, and the Netherlands. Import demand for cashews is increasing due to growing awareness of their health benefits among consumers. Cashews are high in monounsaturated and polyunsaturated fats and serve as a good source of protein. According to the ITC Trade Map, in 2023, Germany imported 67,794 metric tons of cashews, a 13% increase from the previous year's volume of 59,977 metric tons.
Furthermore, the country's cashew import market is highly concentrated, with 64.2% of all its cashew nuts sourced from Vietnam (43,575 metric tons in 2023), followed by the Netherlands with a 13% share. German consumers use these imported cashews as a versatile ingredient in various plant-based dishes, including vegan cheese and cashew milk, contributing to the growth of the cashew market in Germany. The strong dependence on imports from Vietnam and India is primarily due to the lack of processing capacities for shelling in other growing regions. With increasing demand for cashews from the food industry, imports are expected to rise in the coming years.
Re-exports are Propelling the Market
Germany's central European location establishes it as a key hub for cashew distribution across various markets. The country's sophisticated transportation infrastructure, encompassing ports, railways, and highways, enables efficient cashew movement. In Hamburg, specialized traders and agents conduct cashew re-export activities. Germany's significant cashew re-exports to France and Luxembourg are primarily attributed to these countries' processing capabilities, including roasting and shelling. Many cashews are processed and packaged for the German retail market in Luxembourg before returning to Germany.
According to the ITC Trade Map, Germany exported 24,931 metric tons of cashews in 2023, a 28.7% increase from the previous year. This export growth is largely due to increased demand from France, which has surpassed Luxembourg as Germany's primary cashew importer. In 2023, France imported 3,397 metric tons of cashews from Germany, moving from second to first position in import volume from Germany. The country's strategic location, robust logistics network, and growing demand from neighboring European countries are driving market growth during the studied period.
Germany Cashew Market News
- September 2024: The Ministry of Agriculture, Forestry and Fisheries (MAFF), the EU, and Germany have launched a USD 27 million project to boost the sustainability, export, and competitiveness of Cambodia’s cashew nuts and pepper industries. This five-year initiative, part of the EU-German CAPSAFE project, aims to enhance local value addition, food safety, and climate-resilient agriculture while promoting decent work practices and green technology.
- August 2023: Nigeria Export Promotion Council (NEPC) and the German Agency for International Cooperation (GIZ) partnered under the GIZ MOVE initiative to boost the production, processing, and export of high-quality cashew products, aligning with Nigeria’s non-oil export diversification agenda.
Germany Cashew Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Demand for Vegan Foods
4.2.2 Re-exports are Propelling the Market
4.2.3 Expanding Applications in the Food Industry
4.3 Market Restraints
4.3.1 Competition From Other Nuts
4.3.2 Supply Chain Bottlenecks
4.4 Value Chain Analysis
5. MARKET SEGMENTATION
5.1 Production Analysis
5.2 Consumption Analysis
5.3 Import Analysis by Volume and Value
5.4 Export Analysis by Volume and Value
5.5 Price Trend Analysis
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Germany Cashew Industry Segmentation
Cashew nuts are edible kidney-shaped nuts, rich in oil and protein, and are roasted and shelled before being eaten. The Germany Cashew Market report analyzes the Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Analysis (Volume and Value), Export Analysis (Volume and Value), and Wholesale Price Trend Analysis. The report offers the market size and forecasts in terms of value (USD) and volume (metric tons) for all the above segments.
Germany Cashew Market Research FAQs
How big is the Germany Cashew Market?
The Germany Cashew Market size is expected to reach USD 758.90 million in 2024 and grow at a CAGR of 4.10% to reach USD 927.80 million by 2029.
What is the current Germany Cashew Market size?
In 2024, the Germany Cashew Market size is expected to reach USD 758.90 million.
What years does this Germany Cashew Market cover, and what was the market size in 2023?
In 2023, the Germany Cashew Market size was estimated at USD 727.79 million. The report covers the Germany Cashew Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Germany Cashew Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Germany Cashew Industry Report
Statistics for the 2024 Germany Cashew market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Germany Cashew analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Germany Cashew Market Report Snapshots
