Thailand - Cashew Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCashew Nut Price in Thailand - 2023
Contents:
- Cashew Nut Price in Thailand (FOB) - 2022
- Cashew Nut Price in Thailand (CIF) - 2022
- Cashew Nut Exports in Thailand
- Cashew Nut Imports in Thailand
Cashew Nut Price in Thailand (FOB) - 2022
The average cashew nut export price stood at $949 per ton in 2022, surging by 26% against the previous year. In general, the export price posted a prominent expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by 77% against the previous year. Over the period under review, the average export prices hit record highs at $1,797 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($1,346 per ton), while the average price for exports to Cambodia ($739 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+31.4%), while the prices for the other major destinations experienced mixed trend patterns.
Cashew Nut Price in Thailand (CIF) - 2022
In 2022, the average cashew nut import price amounted to $1,164 per ton, declining by -26.7% against the previous year. In general, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 102% against the previous year. As a result, import price attained the peak level of $3,643 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lao People's Democratic Republic ($1,207 per ton), while the price for Myanmar totaled $1,082 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+10.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Cashew Nut Exports in Thailand
In 2022, after three years of growth, there was significant decline in overseas shipments of cashew nuts, when their volume decreased by -27.5% to 4.8K tons. Overall, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 73%.
In value terms, cashew nut exports declined to $4.5M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 52% against the previous year.
| Export of Cashew Nut in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 0.1 | 2.4 | 2.7 | 2.0 | 171.4% |
| India | N/A | 0.9 | 0.1 | 1.6 | 33.3% |
| Vietnam | 2.7 | 0.9 | 2.0 | 0.7 | -36.2% |
| Lao People's Democratic Republic | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 2.8 | 4.2 | 4.9 | 4.5 | 17.1% |
Top Export Markets for Cashew Nut from Thailand in 2022:
- Cambodia (2715.5 tons)
- India (1310.7 tons)
- Vietnam (607.5 tons)
- Lao People's Democratic Republic (120.3 tons)
Cashew Nut Imports in Thailand
In 2022, cashew nut imports into Thailand contracted notably to 34 tons, waning by -73% compared with 2021 figures. Overall, imports, however, posted moderate growth. The most prominent rate of growth was recorded in 2021 with an increase of 385% against the previous year. As a result, imports reached the peak of 124 tons, and then dropped sharply in the following year.
In value terms, cashew nut imports fell dramatically to $39K in 2022. Over the period under review, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 458%. As a result, imports reached the peak of $197K, and then declined markedly in the following year.
| Import of Cashew Nut in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lao People's Democratic Republic | 43.0 | 35.3 | 52.2 | 26.0 | -15.4% |
| Myanmar | N/A | N/A | 75.2 | 13.0 | -82.7% |
| Cambodia | N/A | N/A | 69.6 | N/A | 0% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 43.0 | 35.3 | 197 | 39.0 | -3.2% |
Top Suppliers of Cashew Nut to Thailand in 2022:
- Lao People's Democratic Republic (21.5 tons)
- Myanmar (12.0 tons)
This report provides an in-depth analysis of the cashew nut market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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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