Cashew Nut Market

Cashew nut market: read newly released info powered by an Ai-driven business intelligence platform. Info include imports, companies, production, market size, exports, consumption, trade, and market prices. Here is a split by region, including EU, the U.K., Russia, the U.S., Latin America, Africa, the Middle East, and China. Market trends and forecast to 2030 are also provided in the dashboards.

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Cashew Nut - World's Largest Markets

Rating	Country
1	India
2	Vietnam
3	Brazil
4	Philippines
5	Burundi

In value terms, India, Vietnam and Brazil constituted the countries with the highest levels of market value in 2020, together comprising 75% of the global market. These countries were followed by the Philippines, Burundi, Cote d'Ivoire, Mali, Burkina Faso and Mozambique, which together accounted for a further 15%.

Burkina Faso (+128.0% per year) saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while cashew nut market for the other global leaders experienced more modest paces of growth.

Cashew Nut Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per tonne			CAGR, 2018-2020
Nigeria	961	941	1046	4.3%
Benin	1257	1329	1087	-7.0%
Cote d'Ivoire	1616	1200	1103	-17.4%
Ghana	1631	1227	1139	-16.4%
Guinea-Bissau	1946	1398	1281	-18.9%
Indonesia	1658	1486	1323	-10.7%
Tanzania	3995	1436	1525	-38.2%
Average	1803	1271	1217	-17.8%

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Tanzania ($1,525 per tonne) and Indonesia ($1,323 per tonne), while Nigeria ($1,046 per tonne) and Benin ($1,087 per tonne) were amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Nigeria, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per tonne			CAGR, 2018-2020
India	1566	1291	1244	-10.9%
Vietnam	1190	1279	1150	-1.7%
Average	1350	1303	1211	-5.3%

Average prices varied noticeably amongst the major importing countries. In 2020, the country with the highest price was India ($1,244 per tonne), while Vietnam amounted to $1,150 per tonne.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam.

Cashew Nut - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
Vietnam	1.2	1.7	1.4	9.9%
India	0.8	1.1	1.1	14.1%

In value terms, the largest cashew nut importing markets worldwide were Vietnam ($1.4B) and India ($1.1B).

India saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Cashew Nut - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
Cote d'Ivoire	1.1	0.7	0.6	-23.9%
Tanzania	0.5	0.2	0.4	-14.4%
Ghana	0.5	0.4	0.3	-13.5%
Benin	0.1	0.2	0.2	18.8%
Guinea-Bissau	0.1	0.1	0.1	-0.2%

In value terms, Cote d'Ivoire ($612M), Tanzania ($362M) and Ghana ($341M) constituted the countries with the highest levels of exports in 2020, together comprising 63% of global exports. Benin, Guinea-Bissau, Indonesia and Nigeria lagged somewhat behind, together comprising a further 24%.

Nigeria recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Cashew Nut - Market Forecast

Driven by rising demand for cashew nut worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Cashew Nut - Top Companies

Changyang Yansongping Penggan Production & Marketing Specialty Cooperative, Henan Hua'an Dushi Agriculture Co.,Ltd., KYNDALYN PARK PTY LTD, Wonderful Orchards LLC, SELECT HARVESTS LIMITED, WEBSTER LIMITED, AROFA SL, LA PIEDRA REDONDA SL, Mariani Nut Company, Inc., MACADAMIA PROCESSING CO LTD, Candor-Ags, Inc., ALMENDRAS Y FRUTOS SECOS BONANY SL, COOPERATIVA AGRICOLA I SECCIO DE CREDIT DE LA SELVA DEL CAMP SOCIEDAD COOPERATIVA CATALANA, Monte de Oro SA, Jiaocheng County Nongyichang Agriculture & Animal Husbandry Specialty Cooperativ e, Yichang Xiaoxihong Orange Specialty Cooperative, Hawaiian Orchards Royal L P, FRUTAS BORJA SL, Evans Farms GP, C.M.V. FARMS PTY. LTD.