Bright prospects for macadamia nuts in China

According to a recent forecast by the World Macadamia Organisation, global in-shell macadamia production is projected to approach 400,000 metric tons (3.5% moisture) by 2025, 560,000 metric tons by 2029 and nearly 600,000 metric tons by 2030. Over the next five years, the global macadamia industry is expected to maintain a rapid growth trend, with a compound annual growth rate of 10.2%. Meanwhile, global demand for macadamia nuts, measured on a kernel basis, was 64,000 metric tons in 2022 and is projected to rise to 137,000 metric tons by 2027, representing a more than twofold increase over five years. China has played a crucial role in the rapid growth of global macadamia supply and demand. On the supply side, the numbers shared by China representatives at recent INC Congresses indicate that China’s macadamia production will increase to an estimated 118,500 metric tons by 2029. On the demand side, China surpassed North America in 2022 to become the world’s largest market for ...