Macadamia Market 2024: Record Consumption in China, Price Surge, and Key Insights for UAE Importers

As global demand for macadamia nuts rises, 2024 sees China leading the way as the world’s top importer, with per capita consumption projected to double by 2030. China’s growing interest, fueled by shifts towards healthier diets, has driven a 5% annual increase in nut consumption over the past five years. UAE traders can anticipate increased competition for imports and premium pricing as demand continues to rise.

Production & Export Highlights

• Australia: As a major producer, Australia’s macadamia industry achieved a significant milestone, marking 27 years of flawless results in its National Residue Survey, reinforcing its position in premium markets.
   
• Kenya: Kenyan farmers face export challenges due to strict export regulations. Calls for policy changes are intensifying to help them receive fair prices by reducing the influence of middlemen.
   
• Malawi: While overall EU imports dipped nearly 10%, Malawi significantly boosted its exports to the EU by 94%, positioning itself as the third-largest supplier.
   

EU Market Trends
 

The EU’s macadamia imports declined by nearly 10% in 2024, with major suppliers like South Africa and Kenya seeing drops, but Malawi's surge highlights shifting market dynamics. The Netherlands, Germany, and Spain remain the top European importers.


 

Future Price Trends
 

Increased global demand coupled with supply challenges suggests continued high prices for macadamias. This trend offers UAE importers a strong opportunity to establish reliable supply chains from premium markets like Australia and emerging suppliers such as Malawi.

 

Tips for UAE Traders

• Stay Updated on Policies: Countries like Kenya are pushing for policy changes that could influence market access and pricing.
   
• Diversify Sourcing: Exploring new suppliers like Malawi may help maintain stable supply amid rising demand.
   
• Monitor Market Dynamics: With China's demand projected to double, securing supply early will be key.
  
   

FAQs

1. Why are macadamia prices rising in 2024?
   • Demand is increasing, especially in China, alongside production challenges, leading to premium pricing globally.
      
2. Which countries are the largest producers of macadamia?
   • Major producers include Australia, South Africa, and Kenya, with emerging contributions from Malawi.
      
3. How is the EU’s demand changing?
   • The EU’s imports have declined this year, but demand in key markets like the Netherlands and Germany remains strong.
4. What trends are driving macadamia consumption in China?
   • Health-focused diets and increased interest in plant-based foods are boosting macadamia demand in China.
      
5. What opportunities exist for UAE traders?
   • UAE traders can benefit by diversifying suppliers and establishing early contracts as global demand continues to rise.
      

By staying informed on global trends and market shifts, UAE importers can leverage the opportunities in the expanding macadamia market.