Macadamia Nuts Prices

Macadamia Nuts Prices December 2023

In the fourth quarter of 2023, the price of macadamia nuts in the United States reached 12968 USD/MT by December. Similarly, in China, the macadamia nuts prices hit 7012 USD/MT in the same month. Germany also saw macadamia nuts prices reaching 8421 USD/MT during Q4 2023.

Macadamia Nuts Price Trend, Market Analysis, and News

IMARC's latest publication, “Macadamia Nuts Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the macadamia nuts market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of macadamia nuts at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed macadamia nuts price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting macadamia nuts pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Macadamia Nuts Market Analysis

The global macadamia nuts market size reached US$ 1.52 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.06 Billion, at a projected CAGR of 8.1% during 2023-2032.

• The increasing awareness regarding the health benefits of macadamia nuts is acting as a major growth-inducing factor in the market. For instance, the World Macadamia Organization (WMO) comprises the National Association of member countries including Australia and South Africa. Its primary objective is to stimulate the global demand for macadamias as the industry experiences increased supply. Macadamias is now ranked as the 4th largest Australian horticultural export. The industry boasts over 700 growers across three states producing approximately 50,000 tons annually. Notably, 70% of the crop is exported to over 40 countries.
• The growing trend toward plant-based and vegan diets is boosting the consumption of nuts and seeds as alternative protein sources which is contributing to the market growth. According to Assocham India, India's market for plant-based meat is forecasted to increase dramatically, from a current estimate of $30-40 million to $500 million. Meanwhile, the plant-based dairy sector is expected to see a rise from dollar 21 million to $63.9 million by 2024, with a compound annual growth rate of 20.7%. The overall food market is expected to have a compound annual rate of 11.32% between 2022 and 2027.
• The increasing demand for premium and gourmet food products due to the rising disposable income is further driving the market growth. For instance, in March 2024, India’s per capita disposable income is projected to reach rupees 2.14 Lakh in 2023-24. The government corrects the GDP data, revealing changes in gross and net national disposable income. Per capita disposable income grew 8% in FY24 and 13.3% in the previous year. Gross national disposable income is expected to expand by 8.9% in FY24 and 14.5% in FY23.
• The expanding food and beverage industry along with the incorporation of macadamia nuts in the food and beverage industry into a wide range of products such as snacks, butter, milk, and oil are facilitating the growth of the market. For instance, in February 2022, Miladamia, the innovative brand behind macadamia nut oil products, unveiled new product lines and seasonal products at this year's natural product Expo West show.

Macadamia Nuts News

The report covers the latest developments, updates, and trends impacting the price of macadamia nuts, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the macadamia nuts price trend.

Latest developments in the macadamia nuts industry:

• In June 2024, Kakuzi launched a new Kakuzi macadamia oil processing plant, which has a daily extraction capacity of 1,000 liters, and is part of the firm’s revenue and product diversification strategies. Alongside the macadamia oil processing plant, the Kakuzi Macadamia Processing Plant has an installed capacity of 2000 tons of saleable kernel (SK), making it one of the largest in the region.
• In June 2024, Kopham Department, located in the North Bengal University of West Bengal’s Darjeeling, launched an initiative to cultivate the Macadamia nuts. The university department has completed research on how the farmers working on the hills can earn their living by cultivating the nuts and intends this to be an empowering initiative for the local farmers.

Product Description

Macadamia nuts refer to a type of tree nut native to Australia, prized for their rich, buttery flavor, and creamy texture. These tree nuts grow on the macadamia tree and are encased in a hard, woody shell that must be cracked open to reveal the edible kernel. They are not only delicious but also nutritious providing healthy monounsaturated fats, fiber, protein, and essential vitamins and minerals, including Vitamin B6, magnesium, and iron. They are versatile in culinary uses, enhancing both savory and sweet dishes. Macadamia nuts are generally eaten raw, roasted, or used in baking, confections, and salads. The high oil content of these nuts also makes them valuable for producing macadamia oil, used in cosmetics and cooking. These nuts are often considered a premium product due to their labor-intensive harvesting and processing. Their health benefits and distinctive taste contribute to their global popularity.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the macadamia nuts price trend. 

Global Macadamia Nuts Price

The report offers a holistic view of the global macadamia nuts pricing trends in the form of macadamia nuts price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of macadamia nuts, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed macadamia nuts demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Macadamia Nuts Price

European macadamia nuts prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for macadamia nuts can also be provided for an extensive list of European countries.

North America Macadamia Nuts Price

The analysis of macadamia nuts prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific macadamia nuts historical data within the United States and Canada can also be provided.

Middle East and Africa Macadamia Nuts Price

The report explores the macadamia nuts pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Macadamia Nuts Price

The macadamia nuts pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This macadamia nuts price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Macadamia Nuts Price

The analysis of macadamia nuts prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of macadamia nuts pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting macadamia nuts price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The macadamia nuts price charts ensure our clients remain at the forefront of the industry.