Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in India - 2023
Contents:
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in India (FOB) - 2023
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in India (CIF) - 2023
- Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in India
- Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in India
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in India (FOB) - 2023
In October 2023, the average export price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $6,654 per ton, approximately equating the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when the average export price increased by 2.2% month-to-month. The export price peaked at $7,408 per ton in January 2023; however, from February 2023 to October 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In October 2023, the countries with the highest prices were Germany ($7,778 per ton) and Saudi Arabia ($7,646 per ton), while the average price for exports to Oman ($6,163 per ton) and the United States ($6,217 per ton) were amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+0.4%), while the prices for the other major destinations experienced a decline.
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in India (CIF) - 2023
In October 2023, the average import price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $5,621 per ton, waning by -16% against the previous month. Overall, the import price recorded a mild setback. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 18% month-to-month. As a result, import price reached the peak level of $8,126 per ton. From January 2023 to October 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the country with the highest price was Japan ($7,844 per ton), while the price for Vietnam stood at $5,483 per ton.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Afghanistan (0.0%), while the prices for the other major suppliers experienced a decline.
Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in India
In 2022, approx. 46K tons of nuts, edible; cashew nuts, shelled, fresh or drieds were exported from India; waning by -15.3% compared with 2021 figures. In general, exports faced a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 5.7% against the previous year.
In value terms, exports of nuts, edible; cashew nuts, shelled, fresh or drieds declined dramatically to $351M in 2022. Overall, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 7%.
| Export of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 121 | 90.5 | 131 | 129 | 2.2% |
| Netherlands | 79.5 | 56.9 | 41.9 | 37.6 | -22.1% |
| Japan | 67.7 | 56.0 | 60.0 | 35.3 | -19.5% |
| Saudi Arabia | 62.2 | 51.0 | 42.2 | 34.2 | -18.1% |
| Spain | 31.2 | 23.8 | 22.0 | 16.9 | -18.5% |
| Kuwait | 14.3 | 10.1 | 11.2 | 12.3 | -4.9% |
| Qatar | 12.9 | 8.8 | 11.2 | 11.6 | -3.5% |
| Germany | 21.0 | 19.5 | 17.6 | 9.1 | -24.3% |
| United States | 35.0 | 19.3 | 24.1 | 8.4 | -37.9% |
| Oman | 2.5 | 3.1 | 3.6 | 7.8 | 46.1% |
| Singapore | 10.0 | 8.7 | 8.7 | 6.5 | -13.4% |
| Bahrain | 6.4 | 4.9 | 5.6 | 5.8 | -3.2% |
| Malaysia | 6.6 | 6.2 | 8.4 | 5.8 | -4.2% |
| Others | 94.3 | 45.4 | 45.1 | 30.6 | -31.3% |
| Total | 565 | 404 | 432 | 351 | -14.7% |
Top Export Markets for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried from India in 2022:
- United Arab Emirates (17.2K tons)
- Netherlands (5.3K tons)
- Saudi Arabia (4.5K tons)
- Japan (4.4K tons)
- Spain (2.0K tons)
- Kuwait (1.6K tons)
- Qatar (1.5K tons)
- Oman (1.1K tons)
- United States (1.1K tons)
- Germany (1.1K tons)
- Singapore (0.8K tons)
- Malaysia (0.8K tons)
- Bahrain (0.7K tons)
Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in India
For the third year in a row, India recorded decline in overseas purchases of nuts, edible; cashew nuts, shelled, fresh or drieds, which decreased by -21.3% to 2.6K tons in 2022. In general, imports faced a dramatic descent. The smallest decline of -2.4% was in 2021.
In value terms, imports of nuts, edible; cashew nuts, shelled, fresh or drieds reduced dramatically to $17M in 2022. Over the period under review, imports showed a significant contraction. The smallest decline of -0.1% was in 2021.
| Import of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 15.8 | 19.3 | 16.6 | 16.4 | 1.3% |
| Cote d'Ivoire | 13.4 | N/A | N/A | N/A | 0% |
| Nigeria | 1.6 | N/A | N/A | N/A | 0% |
| Mozambique | 5.0 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 0.6 | 1.9 | 7.0 | N/A | 241.6% |
| Others | 4.1 | 3.1 | 0.7 | 0.8 | -42.0% |
| Total | 40.4 | 24.3 | 24.3 | 17.2 | -24.8% |
Top Suppliers of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried to India in 2022:
- Vietnam (2531.7 tons)
- United Arab Emirates (1.3 tons)
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