Tanzania - Cashew Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCashew Nut Price in Tanzania - 2021
Contents:
- Cashew Nut Price in Tanzania (FOB) - 2022
- Cashew Nut Price in Tanzania (CIF) - 2022
- Cashew Nut Exports in Tanzania
- Cashew Nut Imports in Tanzania
Cashew Nut Price in Tanzania (FOB) - 2022
The average cashew nut export price stood at $980 per ton in 2022, declining by -30.8% against the previous year. In general, the export price showed a slight shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 32% against the previous year. Over the period under review, the average export prices reached the maximum at $1,608 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($1,270 per ton) and Hong Kong SAR ($1,056 per ton), while the average price for exports to Vietnam ($962 per ton) and India ($989 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Cashew Nut Price in Tanzania (CIF) - 2022
The average cashew nut import price stood at $30 per ton in 2022, picking up by 10% against the previous year. Overall, the import price, however, recorded a sharp decrease. The growth pace was the most rapid in 2014 when the average import price increased by 512%. As a result, import price attained the peak level of $2,607 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($500 per ton), while the price for the United Arab Emirates ($2.8 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-2.7%).
Cashew Nut Exports in Tanzania
In 2022, after three years of growth, there was significant decline in shipments abroad of cashew nuts, when their volume decreased by -34.4% to 232K tons. Over the period under review, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by 54% against the previous year.
In value terms, cashew nut exports fell remarkably to $227M in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 63%.
| Export of Cashew Nut in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 172 | 205 | 111 | 110 | -13.8% |
| India | 47.4 | 154 | 103 | 99.6 | 28.1% |
| Democratic Republic of the Congo | N/A | N/A | N/A | 9.4 | 0% |
| Hong Kong SAR | N/A | 0.1 | 0.4 | 6.8 | 724.6% |
| Others | 1.7 | 2.4 | 287 | 0.9 | -19.1% |
| Total | 221 | 362 | 500 | 227 | 0.9% |
Top Export Markets for Cashew Nut from Tanzania in 2022:
- Vietnam (114.7K tons)
- India (100.7K tons)
- Democratic Republic of the Congo (9.1K tons)
- Hong Kong SAR (6.4K tons)
Cashew Nut Imports in Tanzania
In 2022, the amount of cashew nuts imported into Tanzania reduced sharply to 1.7 tons, with a decrease of -53.6% against the year before. Over the period under review, imports showed a significant curtailment.
In value terms, cashew nut imports contracted notably to $50 in 2022. Overall, imports showed a sharp downturn.
| Import of Cashew Nut in Tanzania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| India | N/A | 45.0 | 0% | ||
| United Arab Emirates | N/A | 3.0 | 0% | ||
| South Africa | 77.0 | 2.0 | -97.4% | ||
| Kenya | 5.0 | N/A | 0% | ||
| Switzerland | 11.0 | N/A | 0% | ||
| Turkey | 5.0 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 98.0 | 50.0 | -49.0% | ||
Top Suppliers of Cashew Nut to Tanzania in 2022:
- United Arab Emirates (1075.0 kg)
- India (602.0 kg)
- South Africa (4.0 kg)
This report provides an in-depth analysis of the cashew nut market in Tanzania. 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:
- Tanzania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Tanzania
- 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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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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