Angola: Cashew Nut Market Overview 2021

Cashew Nut Market Size in Angola

In 2020, after six years of growth, there was significant decline in the Angolan cashew nut market, when its value decreased by -X% to $X. Over the period under review, the total consumption indicated moderate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X, and then dropped notably in the following year.

Cashew Nut Production in Angola

In value terms, cashew nut production shrank significantly to $X in 2020 estimated in export prices. In general, production saw a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% y-o-y. As a result, production attained the peak level of $X, and then fell sharply in the following year.

In 2020, the average cashew nut yield in Angola expanded modestly to X kg per ha, growing by X% compared with 2019 figures. The yield figure increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Over the period under review, the average cashew nut yield reached the maximum level in 2020 and is likely to continue growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of cashew nuts were harvested in Angola; remaining relatively unchanged against the previous year. Over the period under review, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. As a result, the harvested area reached the peak level of X ha. from 2015 to 2020, the growth of the cashew nut harvested area remained at a lower figure.

Cashew Nut Exports

Exports from Angola

In 2020, exports of cashew nuts from Angola fell rapidly to X kg, dropping by -X% compared with 2019. In general, exports continue to indicate a relatively flat trend pattern. Exports peaked at X kg in 2019, and then dropped notably in the following year.

In value terms, cashew nut exports contracted significantly to $X in 2020. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, exports reached the maximum at $X in 2019, and then reduced notably in the following year.

Exports by Country

Namibia (X kg) was the main destination for cashew nut exports from Angola, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Namibia was relatively modest.

From 2007 to 2019, the average annual rate of growth in terms of value to Namibia was relatively modest.

Export Prices by Country

The average cashew nut export price stood at $X per tonne in 2019, flattening at the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. Over the period under review, average export prices hit record highs in 2019 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Namibia.

From 2007 to 2019, the rate of growth in terms of prices for Namibia amounted to X% per year.

Cashew Nut Imports

Imports into Angola

In 2020, approx. X tonnes of cashew nuts were imported into Angola; which is down by -X% on the previous year's figure. Overall, imports recorded a deep slump. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, cashew nut imports fell dramatically to $X in 2020. In general, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Brazil (X kg) constituted the largest cashew nut supplier to Angola, accounting for a X% share of total imports. Moreover, cashew nut imports from Brazil exceeded the figures recorded by the second-largest supplier, Namibia (X kg), fivefold. The third position in this ranking was occupied by India (X kg), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Brazil totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (-X% per year) and India (-X% per year).

In value terms, Brazil ($X) constituted the largest supplier of cashew nut to Angola, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by Namibia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Brazil totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Namibia (-X% per year).

Import Prices by Country

In 2020, the average cashew nut import price amounted to $X per tonne, reducing by -X% against the previous year. Overall, the import price showed a slight curtailment. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2015; however, from 2016 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Brazil ($X per tonne), while the price for the UK ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Brazil, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox 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 2020 were India (1.6M tonnes), Viet Nam (1.5M tonnes) and Cote d'Ivoire (310K tonnes), together accounting for 72% of global consumption. The Philippines, Mali, Brazil, Burkina Faso, Cambodia, Mozambique and Guinea-Bissau lagged somewhat behind, together accounting for a further 20%.

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 2020 were Cote d'Ivoire (864K tonnes), India (754K tonnes) and Ghana (346K tonnes), with a combined 44% share of global production. Viet Nam, the Philippines, Tanzania, Benin, Mali, Nigeria, Guinea-Bissau, Burkina Faso, Brazil and Indonesia lagged somewhat behind, together comprising a further 44%.

What are the leading suppliers of cashew nuts to Angola?

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In value terms, Brazil ($4.5K) constituted the largest supplier of cashew nut to Angola, comprising 65% of total imports. The second position in the ranking was occupied by India ($857), with a 12% share of total imports. It was followed by Namibia, with a 11% share.

What is the average export price for cashew nuts in Angola?

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The average cashew nut export price stood at $8,800 per tonne in 2019, approximately equating the previous year.

What is the average import price for cashew nuts in Angola?

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In 2020, the average cashew nut import price amounted to $6,745 per tonne, reducing by -30.4% against the previous year.