Iakymchuk Tetiana, PhD (Economics), Associate Professor of the Department of Labor Economics and Management, National University of Food Technologies, Kyiv, Ukraine

ORCID ID: 0000-0003-1138-118Х
e-mail: t.yakym@gmail.com

Lysenko Olena, PhD (Physics and Mathematics), Associate Professor, Associate Professor of the Department of Labor Economics and Management, National University of Food Technologies, Kyiv, Ukraine

ORCID ID: 0000-0003-0482-2477
e-mail: lenlysstar@gmail.com

Analysis of the World Nut Market as a Prerequisite to Decision-Making by Stakeholders of the Nut Farming

Abstract. Introduction.

Nut producers must analyze global trends in order to react in time to changes in the factors of the organizational environment, to satisfy the tastes and needs of consumers in the domestic and foreign markets, and to meet the requirements of other stakeholders.

Purpose. The purpose of the article is to characterize the main trends in the world market of nuts and to analyze the connection between the determined factors and the volumes of production and consumption of nuts by means of econometric analysis.

Results. The article identifies the main external stakeholders of nut producers. The analysis of the world market of nuts (almonds, walnuts, cashews, pistachios, hazelnuts, pecans, macadamia, pine and Brazil nuts) is carried out. The main trends in production were determined – the leaders among nut-producing countries in the world are the USA, China and Turkey. The leader of production in natural units among all nuts in 2022/2023 season was almonds, the leader in valuable units was cashews. In the last ten years the production of pine nuts, walnuts and macadamia nuts has increased the most. The connection between the volume of nut production and the change of temperature on the planet was analyzed using the tools of econometric analysis – no significant influence was found. Ukraine has the potential to grow walnuts, hazelnuts, almonds and pistachios.

The consumption and production volumes of nuts have tended to increase over the last ten years. Over the past decade, consumption of walnuts, cashews and pine nuts has increased the most. Consumption growth is also predicted for the coming years. A forecast of the consumption of the studied types of nuts for 2024 and 2025 is made. It is found that pecans, walnuts, macadamia nuts, pistachios and almonds will have the greatest growth in consumption. The influence of two factors (world population and gross production per capita) on the volume of nut consumption is analyzed based on the construction of a multiple regression for each type of nut. The direct impact of population growth on the consumption of almost all nuts was revealed, except for pine and Brazil nuts, which is probably related to the quality of statistical data, and the results of the analysis of pecans and cashews also require clarification.

Conclusions. The obtained results should be taken into account in the activity of nut producers.

Keywords: analysis; decision-making; nuts; stakeholders; consumption; production; regression analysis.

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