The market situation for nuts and dried fruit in the B2B sector in Europe and Switzerland shows both promising growth trends and challenges due to climatic conditions and market dynamics.

1. Market growth:

• The nut market in Switzerland is expected to generate sales of USD 0.58 billion in 2024, with annual growth of 5.19%.¹
• In comparison, the market for fruits and nuts in Switzerland is estimated at USD 4.7 billion in 2024, with an expected annual growth rate of 3.68%²

2. Export and Production:

• In Europe, the long-term outlook for the import of edible nuts and dried fruit is positive, with an expectation of continued growth in imports in the coming years.³
• The global production of dried fruit is estimated at 3.2 million MT in 2023/2024 estimated, an increase of 7% compared to 2022/2023, with the production of dates, plums and dried figs in particular expected to increase.⁴

3. Price and Quality:

• In various growing countries, market participants are focusing more strongly on the quality of their products so as not to jeopardize exports to Europe. The Indian market, for example, is recording price increases for peanuts.⁵
• In the case of hazelnuts, the market has been waiting for Ferrero to set prices, while the Turkish Grain Authority has adjusted its prices due to quality losses in the harvest caused by pest infestation.⁵

4. Harvest situation:

• The hazelnut harvest in Turkey has disappointed with forecasts that are now well below original expectations⁵
• In Spain, the almond harvest was significantly lower in recent months due to heat stress and drought.⁵

¹ statista.com
² statista.com
³ https://www.cbi.eu/market-information/processed-fruit-vegetables-edible-nuts/edible-nuts-dried-fruits/europe
⁴ https://inc.nutfruit.org/may-2023-news-brief
⁵ https://www.mundus-agri.eu/latest/nuts