7 Reasons Why Nut Export is a Lucrative Business
Nuts are one of the most popular snacks in the world, and they have many health benefits as well. They are rich in protein, fat, fiber, vitamins, minerals, and antioxidants. Nuts can also help lower cholesterol, blood pressure, and inflammation, and prevent diabetes, heart disease, and some cancers.
Key Takeaways
Nut export is a lucrative business because nuts have a long shelf life, a high value, a diverse market, a strong demand, a competitive advantage, a potential for value addition, and a positive impact.
The global nut industry is growing steadily due to population growth, urbanization, income growth, health awareness, and changing lifestyles.
The main types of nuts exported in the world are almonds, pistachios, walnuts, pecans, mixed and other nuts, and hazelnuts.
The main destinations for nut exports in the world are the European Union, China, India, Canada, Japan, and Mexico.
The main challenges and risks for nut exporters are market access barriers, trade disputes, quality standards, food safety issues, price volatility, currency fluctuations, transportation delays, and climate change.
The main opportunities and trends for nut exporters are market diversification, value addition, product innovation, e-commerce, sustainability, health and wellness, and social responsibility.
But nuts are not only good for consumers, but they are also good for producers and exporters. The global nut industry is growing steadily, and the demand for nuts is expected to increase in the future. According to Statista, the value of the global nuts and seeds market was estimated at 142 billion U.S. dollars in 2021, and it is projected to reach 216 billion U.S. dollars by 2027.
So, if you are looking for a profitable business opportunity, nut export might be a great option for you. Here are seven reasons why nut export is a lucrative business:
1. Nuts have a long shelf life and can be stored easily.
Unlike fresh fruits and vegetables, nuts do not spoil quickly and can be kept for months or even years without losing their quality or nutritional value. This means that you can export nuts without worrying about spoilage or wastage, and you can also take advantage of seasonal fluctuations in supply and demand.
2. Nuts have a high value and a low weight.
Nuts are relatively expensive compared to other agricultural products, and they have a high value per unit weight. This means that you can export large quantities of nuts with low transportation costs and high profit margins.
3. Nuts have a diverse and growing market.
Nuts are consumed by people of different ages, cultures, and preferences. They can be eaten raw, roasted, salted, flavored, or coated with chocolate or sugar. They can also be used as ingredients in various dishes, desserts, snacks, and beverages. Nuts have a wide appeal and a loyal customer base around the world.
4. Nuts have a strong demand and a limited supply.
The global demand for nuts is increasing due to population growth, urbanization, income growth, health awareness, and changing lifestyles. However, the global supply of nuts is limited by factors such as land availability, water scarcity, climate change, pests, diseases, and labor shortages. This creates a gap between supply and demand that drives up the prices of nuts and makes them more attractive for exporters.
5. Nuts have a competitive advantage and a niche market.
Nuts are produced in different regions of the world with different climates, soils, varieties, and qualities. This means that each type of nut has its own unique characteristics and advantages that distinguish it from others. For example, almonds are mainly produced in California (USA), pistachios in Iran and California (USA), walnuts in China and California (USA), pecans in Georgia (USA) and Mexico, hazelnuts in Turkey and Italy, etc. As an exporter, you can leverage these differences to target specific markets and customers that value your product.
6. Nuts have a potential for value addition and innovation.
Nuts can be processed into various forms and products that add value and increase their profitability. For example, nuts can be shelled, sliced, chopped, ground, blanched, roasted, salted, flavored, coated with chocolate or sugar etc., or they can be made into nut butters (such as peanut butter), nut milks (such as almond milk), nut oils (such as walnut oil), nut flours (such as almond flour), nut bars (such as granola bars), nut snacks (such as trail mix), etc. As an exporter, you can explore these possibilities to diversify your product portfolio and meet the changing needs of your customers.
7. Nuts have a positive impact on the environment and society.
Nuts are not only good for business but also good for the planet and people. Nuts are renewable resources that can be grown organically without using harmful chemicals or pesticides. Nuts also help conserve soil fertility, water resources, biodiversity, and carbon sequestration. Nuts also provide income, employment, food security, and nutrition for millions of farmers, workers, and consumers around the world. Nuts are part of the solution to some of the major challenges facing humanity today.
Tips
- Choose a type of nut that has a high demand and a low supply in your target market.
- Establish a long-term relationship with your suppliers and buyers based on trust and quality.
- Monitor the market trends and prices of nuts and adjust your strategy accordingly.
- Invest in quality control and packaging to ensure customer satisfaction and loyalty.
- Promote your product online and offline using effective marketing tools and channels.
Nut Export: A Global Overview
Nuts are some of the world’s most popular snacks and come in many varieties, such as peanuts, pecans, pistachios, almonds, and hazelnuts. Many nuts are defined as seeds, while others are botanically defined as fruits. When eaten in moderation, nuts can be quite healthy and a fine source of protein, fat, fiber, etc. In this blog post, we will look at some statistics and facts about the global nut industry and its trends.
Global Production of Tree Nuts
Tree nuts are a category of nuts that grow on trees, such as almonds, walnuts, cashews, pistachios, etc. According to Statista, the global production of tree nuts was over 5.3 million metric tons in 2022/2023. The leading producer of tree nuts was almonds, with over 1.4 million metric tons, followed by walnuts and cashews, with over one million metric tons each. The global production of tree nuts has increased steadily since 2008/2009, when it was about 3.6 million metric tons.
Global Export of Tree Nuts
The United States is the largest exporter of tree nuts in the world, accounting for about 40 percent of the global export value in 2021. According to the USDA Foreign Agricultural Service, the U.S. exported $9 billion worth of tree nuts in 2021, up from $8.6 billion in 2019. The breakout of 2021 tree nut exports were 52 percent almonds ($4.7 billion), 23 percent pistachios ($2.1 billion), 14 percent walnuts ($1.2 billion), 5 percent pecans ($433 million), 4 percent mixed and other nuts ($315 million), and 2 percent hazelnuts ($144 million). The top destinations for U.S. tree nut exports were the European Union, China, India, Canada, and Japan.
Global Demand for Nuts
The global demand for nuts and seeds is expected to grow in the coming years, driven by factors such as increasing health awareness, rising disposable income, changing consumer preferences, and growing demand for plant-based protein sources. According to Statista, the value of the global nuts and seeds market was estimated at $142 billion in 2021 and is projected to reach $216 billion by 2027, at a compound annual growth rate (CAGR) of 7.2 percent.
Frequently Asked Questions
Q: What are the main types of nuts exported in the world?
A: According to the USDA, the main types of nuts exported in the world in 2021 were almonds, pistachios, walnuts, pecans, mixed and other nuts, and hazelnuts.
Q: What are the main destinations for nut exports in the world?
A: According to the USDA, the main destinations for nut exports in the world in 2021 were the European Union, China, India, Canada, Japan, and Mexico.
Q: What are the main challenges and risks for nut exporters in the world?
A: Some of the main challenges and risks for nut exporters in the world are market access barriers, trade disputes, quality standards, food safety issues, price volatility, currency fluctuations, transportation delays, and climate change.
Q: What are the main opportunities and trends for nut exporters in the world?
A: Some of the main opportunities and trends for nut exporters in the world are market diversification, value addition, product innovation, e-commerce, sustainability, health and wellness, and social responsibility.
Q: How can I start a nut export business?
A: To start a nut export business, you need to do some market research, find reliable suppliers and buyers, obtain the necessary licenses and permits, arrange the logistics and financing, and comply with the legal and regulatory requirements of your origin and destination countries.
References:
https://web.archive.org/web/20060309201557/http://www.jetro.go.jp/en/market/reports/jmr/057.pdf
https://www.census.gov/prod/ec02/ec0231i311911t.pdf
https://www.statista.com/topics/5954/nut-industry-worldwide/
https://www.ers.usda.gov/data-products/fruit-and-tree-nuts-data/
https://www.fas.usda.gov/tree-nuts-2021-export-highlights
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