In 2023, the import value of coconuts, Brazil nuts, and cashew nuts to the EU was approximately $1.98 billion USD. From 2024, the forecast predicts a steady increase, with values reaching $2.0516 billion USD in 2024 and rising to $2.3126 billion USD by 2028. This reflects a compounded annual growth rate (CAGR) of approximately 3.1% over this five-year period. Year-on-year, the growth rate averages at about 3.5%, indicating a steady demand for these nuts in the EU market.
Future trends to watch include potential impacts of climate change on nut production, shifts in consumer preferences towards plant-based diets, and trade policy changes within the EU that could affect import flows and pricing structures. Monitoring these variables will be essential for understanding future market dynamics.
