World - Cashew Nuts - Market Analysis, Forecast, Size, Trends and Insights
Cashew Nut Market - Viet Nam Remains The Global Leader In Cashew Production, With 111,1K Tonnes In 2013
Being a country with long-established tradition of nuts harvesting, Viet Nam still remains the leader in output on the global cashew nut market. In 2013, production of cashew nuts in Viet Nam amounted to 1,110,800 tonnes.
The output of the four major producers of cashew nuts, namely Viet Nam, Nigeria, India and Côte d'Ivoire, constitute more than 73% of global output. The production of cashew nuts is experiencing continuous growth, despite minor drops in 2010 and 2012. In 2013, global production in physical terms increased by 2% and reached 4.44 million tonnes, which is far higher than the lowest level of cashew nuts production recorded in 2007 (3.70 million tonnes).
The growth of world trade, accompanied by the expansion of Asian and African countries to external markets, is expected to foment the increase of production volumes in developed countries.
The largest harvested area were recorded in the following countries: India (992 thousand Ha), Côte d'Ivoire (900 thousand Ha), Brazil (695 thousand Ha) and Indonesia (575 thousand Ha), which together accounted for more than half of total volume of harvested area. In Brazil, the volume of harvested area decreased slightly annually from 2007-2013. The remaining countries showed slight growth in physical terms: India (+3%), Côte d'Ivoire (+3%), Benin (+15%), the United Republic of Tanzania (+1%).
In 2013, Côte d'Ivoire and Viet Nam were the main global exporters of cashew nuts with a combined share of 41.7% of global exports. However, exporters to have experienced the most rapid growth from 2007-2013 were Ghana (+42% per year) and the United Republic of Tanzania (+48% per year). The position of Ghana was significantly improved in the global imports structure, from 3% in 2007 to 11% in 2013.
In 2013, Viet Nam exported 23% of its total output. Of this amount, 31.3% was supplied to the United States, where Viet Nam cashew nuts held 62% share of total U.S. consumption.
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Source: IndexBox AI Platform
This report provides an in-depth analysis of the global cashew nut market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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