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The revenue of the cocoa market in Sierra Leone amounted to $X in 2018, going up by X% against the previous year. Over the period under review, cocoa consumption continues to indicate outstanding growth. The pace of growth appeared the most rapid in 2010 when the market value increased by X% year-to-year. Over the period under review, the cocoa market reached its peak figure level at $X in 2015; however, from 2016 to 2018, consumption failed to regain its momentum.
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The Europe Cashew Industry size was valued at USD 1.63 Million in 2023 and is projected to reach USD 2.22 Million by 2032, exhibiting a CAGR of 4.48 % during the forecasts periods. Recent developments include: November 2022: Solidaridad West Africa has signed a 2.44 USD million partnership agreement with the European Union in Sierra Leone to support cashew farmers in Africa, resulting in increased production and increased exports to Europe in the long run., September 2022: Vietnam's cashew nut exports to Europe skyrocketed due to the immaculate implementation of the European Union-Vietnam Free Trade Agreement (EVFTA). The tax rates of cashew import in the EU have been reduced to 0% from 7-12% earlier., January 2022: Chocolat Madagascar, a premium confectionary brand, unveiled a new product of chocolate bars that are developed using fresh cashew chocolate, targeting the vegan market. This product is showcased at the ISM, Cologne, Germany.. Key drivers for this market are: Rising Consumption of Cashew Nuts as a Healthy Snack, Increasing Government initiatives; Growing Cashew Nut Imports in The United States. Potential restraints include: Hazardous Climatic Condition Hinders Cashew Production, Stringent Regulations Related To Food Quality Standards. Notable trends are: Increasing demand for Cashew is boosting the Imports.
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TwitterAttribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
The revenue of the cocoa market in Sierra Leone amounted to $X in 2018, going up by X% against the previous year. Over the period under review, cocoa consumption continues to indicate outstanding growth. The pace of growth appeared the most rapid in 2010 when the market value increased by X% year-to-year. Over the period under review, the cocoa market reached its peak figure level at $X in 2015; however, from 2016 to 2018, consumption failed to regain its momentum.