Industry insights
release time:
2024-12-18
World tree nut production has been trending upwards over the past decade. Between 2014 and 2024, tree nut production (in-shell basis) experienced a compound average growth rate (CAGR) of 4.9%.Between 2020 and 2023, production was stable. In 2023 production returned to growth and continued in 2024 with total production of 14.0 million metric tonnes (in-shell basis), up 4.4% on prior year.Cashews and almonds were the largest crops in 2024 (inshell basis),accounting for 34% and 23% of the global share, respectively, followed by walnuts (19%), hazelnuts (10%), and pistachios (8%). Given the differing yields per nut, the share of production when viewed on a kernel weight basis presents a different picture for the top three nuts, with almonds the largest crop at 33% followed by walnuts (21%), cashews (19%), hazelnuts (11%) and pistachios (10%).
Macadamias represent less than 2% of global tree nut production, so significant potential exists to increase consumption. Global macadamia production is on the rise, with established growing regions continuing to expand their plantings and emerging regions expected to feature significantly in future global production.
Production of macadamias is currently more evenly distributed than the other major tree nut varieties, with no single producer representing more than 30% of production. However, this has not made the supply of macadamias immune to the effects of major weather events. The world’s largest producers are South Africa, China and Australia, followed by Kenya.
Source:Internet
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