Canada - Cashew Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCashew Nut Price in Canada - 2023
Contents:
- Cashew Nut Price in Canada (CIF) - 2022
- Cashew Nut Price in Canada (FOB) - 2022
- Cashew Nut Imports in Canada
- Cashew Nut Exports in Canada
Cashew Nut Price in Canada (CIF) - 2022
In 2022, the average cashew nut import price amounted to $5,174 per ton, falling by -10.8% against the previous year. In general, the import price recorded a perceptible reduction. The growth pace was the most rapid in 2016 an increase of 26% against the previous year. Over the period under review, average import prices attained the maximum at $10,172 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($7,454 per ton), while the price for Vietnam stood at $5,118 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+29.1%), while the prices for the other major suppliers experienced a decline.
Cashew Nut Price in Canada (FOB) - 2022
The average cashew nut export price stood at $2,101 per ton in 2022, declining by -76.5% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 when the average export price increased by 141%. Over the period under review, the average export prices hit record highs at $8,921 per ton in 2021, and then dropped significantly in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bahamas ($2,130 per ton), while the average price for exports to Hong Kong SAR amounted to $2,091 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+36.4%), while the prices for the other major destinations experienced more modest paces of growth.
Cashew Nut Imports in Canada
In 2022, approx. 390 tons of cashew nuts were imported into Canada; growing by 173% compared with 2021. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cashew nut imports surged to $2M in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cashew Nut in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 211 | 75.8 | 204 | 1,936 | 109.4% |
| United States | 5.9 | 8.8 | 6.9 | 72.5 | 130.8% |
| Nigeria | 72.9 | 79.1 | 120 | N/A | 28.3% |
| Ghana | 375 | 311 | 418 | N/A | 5.6% |
| Others | 206 | 63.5 | 81.0 | 10.4 | -63.0% |
| Total | 870 | 538 | 830 | 2,019 | 32.4% |
Top Suppliers of Cashew Nut to Canada in 2022:
- Vietnam (378.2 tons)
- United States (9.7 tons)
Cashew Nut Exports in Canada
For the third year in a row, Canada recorded decline in shipments abroad of cashew nuts, which decreased by -80.1% to 278 kg in 2022. Over the period under review, exports showed a dramatic shrinkage. The smallest decline of -76.2% was in 2020.
In value terms, cashew nut exports dropped notably to $584 in 2022. Overall, exports continue to indicate a sharp reduction. The smallest decline of -42.6% was in 2020.
| Export of Cashew Nut in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 0.2 | 0.2 | 0.1 | 0.4 | 26.0% |
| Bahamas | N/A | N/A | N/A | 0.1 | 0% |
| Dominican Republic | 2.4 | 6.3 | 1.5 | N/A | -20.9% |
| Grenada | 0.4 | 0.4 | 0.1 | N/A | -50.0% |
| Mozambique | 35.5 | N/A | N/A | N/A | 0% |
| Anguilla | 2.1 | 2.4 | 0.8 | N/A | -38.3% |
| United States | 43.2 | 38.7 | 9.9 | N/A | -52.1% |
| Others | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Total | 84.0 | 48.2 | 12.5 | 0.6 | -80.7% |
Top Export Markets for Cashew Nut from Canada in 2022:
- Hong Kong SAR (209.0 kg)
- Bahamas (69.0 kg)
This report provides an in-depth analysis of the cashew nut market in Canada. 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.
Product coverage:
- FCL 217 - Cashew nuts
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In February 2023, the cashew nut price amounted to $6,714 per ton (CIF, Canada), with an increase of 15% against the previous month.
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In terms of exports, there is a consistent flat trend. The value of Oil Crops exports surged to $949M in October 2023.
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The global cashew nut market expanded significantly to $14.9B in 2019, growing by 5.6% against the previous year....
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Global cashew nut consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
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In 2015, the countries with the highest levels of production in 2015 were Nigeria (X thousand tons), India (X thousand tons), Vietnam (X thousand tons), together accounting for X% of total output.
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India dominates in the global cashew nut trade. In 2014, India exported X thousand tons of cashew nuts totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X% of its total cashew nut exp
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The output of the four major producers of cashew nuts, namely Vietnam, Nigeria, India and Côte d'Ivoire, constitute more than X% of global output.
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Global brazil nut consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
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In 2015, the countries with the highest levels of production in 2015 were Bolivia (X thousand tons), Brazil (X thousand tons), Côte D'Ivoire (X thousand tons), together accounting for X% of total output.
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Modern processes of globalization and improvement of production and logistics processes stimulate the development of exotic product markets. For example, if earlier Brazil nuts were strictly a local commodity, now they are
