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UK CASHEW MARKET Jim Fitzpatrick Ingredient Sourcing Solutions 14 - PowerPoint PPT Presentation

UK CASHEW MARKET Jim Fitzpatrick Ingredient Sourcing Solutions 14 th February 2020 W HERE IN IN THE W ORLD ? 2 W HY IS THE UK PRESENTED SEPARATELY ? HY IS B REXIT The UK left the EU on 31 st January 2020. May have far reaching


  1. UK CASHEW MARKET Jim Fitzpatrick Ingredient Sourcing Solutions 14 th February 2020

  2. W HERE IN IN THE W ORLD ? 2

  3. W HY IS THE UK PRESENTED SEPARATELY ? HY IS B REXIT • The UK left the EU on 31 st January 2020. • May have far reaching consequences. • No changes for now. • Negotiation BREXIT trade terms now beginning. • Standards and import requirements may change • UK seeking bilateral trade deals Worldwide. 3

  4. T HE HE UK IN IN THE W ORLD • 64 million people - 8.5% of Europe. • 2 nd economy in Europe. • 5 th economy in the World. • 80% services sector. • 2nd financial centre – London. • Diverse, modern country. • Highly developed retail sector. • 17% of EU cashew kernels market (2018) 4

  5. UK C ASHEW KERNELS I MPORTS UK I MPORTS C ASHEW K ERNELS Total Vietnam Africa Europe Linear (Total) 25000 CAGR +5% Vietnam +10% 20000 Africa +8.42% 15000 Tonnes 10000 5000 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 5

  6. UK IM IMPORT S OURCES C OMPARED TO TO EU EU UK 2018 EU 2018 UK less likely to buy in Africa ; Imports from other European countries. Will this be an opportunity after Brexit completed ? 6

  7. Developed snack market = WW320 • Private label & strong brands. • Nut market circa US$400m. • Innovation in flavours and textures. • Better for you plus comfort & taste. 7

  8. In Innovation & new applications Products suitable for broken cashews – buyers often buy wholes and dice them – do not trust food safety of broken from origin 8

  9. UK B IG IG CONSUMER TRENDS SUIT CASHEWS P ROTEIN F REE FROM … CONVENIENCE S WEET & SAVOURY N ATURAL , HEALTHY , LOW FAT 9

  10. UK C ASHEW M ARKET P LAYERS – CROWDED MARKET . S UPERMARKETS RULE . M AJOR BRANDS AND MANUFACTURERS . “Y OUNG ” INNOVATORS . M ANY IMPORTERS . S OME LONG ESTABLISHED BROKERS . 10

  11. Summary 11

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