Angola: Cashew Nut Market Overview 2020

Cashew Nut Market Size in Angola

The revenue of the cashew nut market in Angola amounted to $X in 2018, surging by X% against the previous year. In general, cashew nut consumption continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. Cashew nut consumption peaked in 2018 and is expected to retain its growth in the near future.

Cashew Nut Production in Angola

In value terms, cashew nut production amounted to $X in 2018 estimated in export prices. Overall, cashew nut production continues to indicate remarkable growth. The most prominent rate of growth was recorded in 2010 when production volume increased by X% against the previous year. Over the period under review, cashew nut production reached its maximum level in 2018 and is likely to see steady growth in the near future.

Average yield of cashew nuts in Angola stood at X kg per ha in 2018, going up by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2012 when yield increased by X% year-to-year. Over the period under review, the average cashew nut yield reached its peak figure level in 2018 and is expected to retain its growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the cashew nut harvested area in Angola amounted to X ha, therefore, remained relatively stable against the previous year. In general, the cashew nut harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to cashew nut production attained its maximum in 2018 and is likely to continue its growth in the near future.

Cashew Nut Imports

Imports into Angola

In 2018, the cashew nut imports into Angola amounted to X kg, waning by -X% against the previous year. In general, cashew nut imports continue to indicate a drastic descent. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, cashew nut imports totaled $X in 2018. In general, cashew nut imports continue to indicate a deep decrease. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. In that year, cashew nut imports attained their peak of $X. From 2016 to 2018, the growth of cashew nut imports failed to regain its momentum.

Imports by Country

The United Arab Emirates (X kg), Portugal (X kg) and Namibia (X kg) were the main suppliers of cashew nut imports to Angola, together comprising X% of total imports. These countries were followed by South Africa, Canada, the UK and Brazil, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Canada, while the other leaders experienced more modest paces of growth.

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

From 2007 to 2018, the average annual rate of growth in terms of value from South Africa was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (+X% per year) and Portugal (-X% per year).

Import Prices by Country

In 2018, the average cashew nut import price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the cashew nut import price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% year-to-year. Over the period under review, the average import prices for cashew nuts reached their peak figure at $X per tonne in 2015; however, from 2016 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was South Africa ($X per tonne), while the price for the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Africa, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform