Angola: Cashew Nut Market Overview 2021

Cashew Nut Market Size in Angola

In 2019, the Angolan cashew nut market decreased by -X% to $X, falling for the second consecutive year after four years of growth. Overall, the total consumption indicated prominent growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Cashew nut consumption peaked at $X in 2017; however, from 2018 to 2019, consumption remained at a lower figure.

Cashew Nut Production in Angola

In value terms, cashew nut production dropped to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a strong increase. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.

The average yield of cashew nuts in Angola expanded modestly to X kg per ha in 2019, growing by X% on the previous year's figure. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, the average cashew nut yield reached the peak level in 2019 and is likely to see steady growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of cashew nuts were harvested in Angola; standing approx. at the previous year's figure. Over the period under review, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, the harvested area attained the peak level of X ha. From 2015 to 2019, the growth of the cashew nut harvested area remained at a lower figure.

Cashew Nut Exports

Exports from Angola

In 2019, approx. X kg of cashew nuts were exported from Angola; stabilizing at the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern.

In value terms, cashew nut exports stood at $X in 2019. Over the period under review, exports recorded a relatively flat trend pattern.

Cashew Nut Imports

Imports into Angola

After three years of growth, overseas purchases of cashew nuts decreased by -X% to X tonnes in 2019. In general, imports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

In value terms, cashew nut imports declined to $X in 2019. Overall, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

From 2007 to 2019, the average annual growth rate of volume from No country was relatively modest.

From 2007 to 2019, the average annual rate of growth in terms of value from No country was relatively modest.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cashew nuts in the world?

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The countries with the highest volumes of cashew nut consumption in 2019 were Viet Nam (2.1M tonnes), India (1.5M tonnes) and the Philippines (243K tonnes), together accounting for 74% of global consumption. These countries were followed by Mali, Guinea-Bissau, Benin, Brazil, Cote d'Ivoire, Mozambique and Indonesia, which together accounted for a further 19%.

What are the largest producers of cashew nuts in the world?

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The countries with the highest volumes of cashew nut production in 2019 were Viet Nam (1.5M tonnes), India (803K tonnes) and Cote d'Ivoire (747K tonnes), with a combined 56% share of global production. Tanzania, the Philippines, Ghana, Benin, Mali, Guinea-Bissau, Guinea, Brazil, Indonesia and Mozambique lagged somewhat behind, together accounting for a further 35%.