Cashew Nut Market Overview in Italy
In value terms, cashew nut production contracted markedly to $ in 2019 estimated in export prices. In general, the total production indicated tangible growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2008 indices. The most prominent rate of growth was recorded in 2018 with an increase of % year-to-year. As a result, production attained the peak level of $, and then shrank significantly in the following year.
In 2019, the average cashew nut yield in Italy totaled kg per ha, flattening at 2018 figures. In general, the yield saw 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 2019, the harvested area of cashew nuts in Italy amounted to ha, approximately equating the previous year's figure. Overall, the harvested area continues to indicate a relatively flat trend pattern.
The value of the cashew nut market in Italy soared to $ in 2019, jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a noticeable decline. Over the period under review, the market attained the peak level at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.