Analyzing the global nuts demand for 2024, China leads with 4.02 million metric tons, followed by Vietnam and India, with 2.86 and 2.28 million metric tons, respectively. The United States follows at 1.54 million metric tons. Annual variations reveal that Vietnam experienced a significant increase of 4.51%, while India saw a slight decline of -0.17%. China and the United States had moderate growths of 0.48% and 0.89%, respectively. Ethiopia and Burkina Faso saw notable declines, with -2.74% and -16.74%, respectively. Over five years, global demand has broadly trended upward, driven by health trends and increased consumption in emerging markets.
Future trends to watch include the continued expansion of demand in Asian economies, especially China and Vietnam, due to rising health consciousness and dietary shifts. Moreover, sustainability and ethical sourcing will become crucial, driven by consumer preferences and regulatory pressures. Changes in trade policies and climate impacts on nut production are critical factors that could influence future demand and supply dynamics.
Top countries in Nuts Demand by Country
# | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 China | 4,020 | 2023 | +0.47% | +0.48% | View data |
2 | 2 Vietnam | 2,860 | 2023 | +4.69% | +4.51% | View data |
3 | 3 India | 2,280 | 2023 | +0.62% | -0.17% | View data |
4 | 4 United States | 1,540 | 2023 | +1.72% | +0.89% | View data |
5 | 5 Iran | 1,080 | 2023 | +1.22% | +0.56% | View data |
6 | 6 Italy | 542 | 2023 | +1.5% | +1.34% | View data |
7 | 7 Spain | 456 | 2023 | +2.24% | +1.66% | View data |
8 | 8 Germany | 315 | 2023 | +0.96% | +0.65% | View data |
9 | 9 France | 283 | 2023 | +1.07% | +0.8% | View data |
10 | 10 Indonesia | 204 | 2023 | +3.55% | +3.71% | View data |