Global macadamia market outlook for 2024

According to the World Macadamia Organisation, global demand for macadamia nuts, measured on a kernel basis, is projected to increase significantly from 64,000 metric tons in 2022 to 137,000 metric tons in 2027, representing 2.1-fold growth. China’s demand for macadamia nuts, also measured on a kernel basis, was 17,500 metric tons in 2022. Actual consumption surged to 29,500 metric tons in 2023, corresponding to a year-on-year growth of nearly 70%, far exceeding the WMO’s earlier prediction of 20,300 metric tons for the Chinese market. In 2022, China surpassed North America to become the world’s largest consumer of macadamia nuts and is expected to maintain rapid growth over the next five years. China’s demand for macadamia nuts is projected to increase to 46,500 metric tons in 2027, approximately 2.7 times the amount registered in 2022. This growth is expected to be driven primarily by three market segments: in-shell snacks, kernel snacks and food processing ingredients. Demand ...