Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in the United States - 2023
Contents:
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in the United States (CIF) - 2023
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in the United States (FOB) - 2023
- Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in the United States
- Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in the United States
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in the United States (CIF) - 2023
The average import price for nuts, edible; cashew nuts, shelled, fresh or drieds stood at $5,466 per ton in December 2023, approximately reflecting the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 2.4% against the previous month. The import price peaked at $6,053 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Vietnam ($5,459 per ton), while the price for Cote d'Ivoire ($4,559 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Vietnam (-0.8%), while the prices for the other major suppliers experienced a decline.
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in the United States (FOB) - 2023
In December 2023, the average export price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $6,387 per ton, falling by -12.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.7%. The pace of growth appeared the most rapid in February 2023 an increase of 24% against the previous month. The export price peaked at $7,301 per ton in November 2023, and then declined in the following month.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Mexico ($11,884 per ton), while the average price for exports to Canada ($6,008 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in the United States
After three years of growth, overseas purchases of nuts, edible; cashew nuts, shelled, fresh or drieds decreased by -19.2% to 148K tons in 2022. In general, imports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 9.7% against the previous year. As a result, imports reached the peak of 183K tons, and then fell significantly in the following year.
In value terms, imports of nuts, edible; cashew nuts, shelled, fresh or drieds plummeted to $933M in 2022. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 9.4% against the previous year.
| Import of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1,019 | 962 | 1,051 | 825 | -6.8% |
| Cote d'Ivoire | 17.1 | 11.3 | 28.1 | 39.5 | 32.2% |
| Brazil | 49.5 | 30.2 | 39.5 | 22.0 | -23.7% |
| India | 37.6 | 19.2 | 25.3 | 11.4 | -32.8% |
| Others | 77.8 | 58.5 | 39.8 | 35.6 | -22.9% |
| Total | 1,201 | 1,081 | 1,184 | 933 | -8.1% |
Top Suppliers of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried to the United States in 2022:
- Vietnam (131.5K tons)
- Cote d'Ivoire (6.9K tons)
- Brazil (3.5K tons)
- India (1.4K tons)
Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in the United States
In 2022, exports of nuts, edible; cashew nuts, shelled, fresh or drieds from the United States surged to 4K tons, picking up by 49% on the previous year. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of nuts, edible; cashew nuts, shelled, fresh or drieds soared to $26M in 2022. The total export value increased at an average annual rate of +7.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 13.1 | 12.0 | 12.6 | 17.6 | 10.3% |
| Trinidad and Tobago | 0.3 | N/A | 1.1 | 2.7 | 108.0% |
| Vietnam | 1.8 | 2.4 | 1.2 | 2.5 | 11.6% |
| Mexico | 1.5 | 1.9 | 1.6 | 1.0 | -12.6% |
| Germany | 1.2 | 1.1 | 0.5 | 0.2 | -45.0% |
| Others | 2.9 | 2.4 | 2.3 | 1.6 | -18.0% |
| Total | 20.7 | 19.9 | 19.3 | 25.6 | 7.3% |
Top Export Markets for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried from the United States in 2022:
- Canada (2628.7 tons)
- Vietnam (533.8 tons)
- Trinidad and Tobago (343.6 tons)
- Mexico (102.6 tons)
- Germany (52.2 tons)
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