
U.S. - Cashew Nuts - Market Analysis, Forecast, Size, Trends and Insights
Cashew Nut Price per Ton April 2022
U.S. Cashew Nut Price per Ton April 2022
The average export cashew nut price per ton stood at $9,740 per ton in Apr 2022, picking up by 88% against the previous month. In general, export price indicated a buoyant increase from Jan 2022 to Apr 2022: its price increased at an average monthly rate of +13.6% over the last three - month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on Apr 2022 figures, cashew nut export price increased by +87.6% against Mar 2022 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In Apr 2022, the country with the highest price was South Korea ($17,761 per ton), while the average price for exports to Canada ($7,944 per ton) was amongst the lowest.
From Jan 2022 to Apr 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (+30.7%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Cashew Nut Exports
Cashew nut exports from the United States shrank significantly to 12 tons in Apr 2022, dropping by -79.2% on the previous month's figure. Overall, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in Mar 2022 with an increase of 1,218% m-o-m. As a result, the exports reached the peak of 56 tons, and then contracted markedly in the following month.
In value terms, cashew nut exports contracted notably to $113K (IndexBox estimates) in Apr 2022. In general, exports, however, showed a significant expansion. The growth pace was the most rapid in Mar 2022 with an increase of 715% m-o-m. As a result, the exports reached the peak of $289K, and then reduced remarkably in the following month.
U.S. Cashew Nut Exports by Country
The Dominican Republic (6.4 tons) was the main destination for cashew nut exports from the United States, accounting for a 55% share of total exports. Moreover, cashew nut exports to the Dominican Republic exceeded the volume sent to the second major destination, Jamaica (2.9 tons), twofold. Canada (2 tons) ranked third in terms of total exports with a 17% share.
From Jan 2022 to Apr 2022, the average monthly growth rate of volume to the Dominican Republic stood at +43.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Jamaica (-17.0% per month) and Canada (+15.1% per month).
It was followed by Canada, with a 14% share.
From Jan 2022 to Apr 2022, the average monthly growth rate of value to the Dominican Republic amounted to +45.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Jamaica (+8.5% per month) and Canada (+12.1% per month).
This report provides an in-depth analysis of the cashew nut market in the U.S.. 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 2030.
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
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The Largest Producers on The Market and Their Profiles
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