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Asia - Cashew Nuts - Market Analysis, Forecast, Size, Trends and Insights
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Asia: Cashew Nut Market Overview 2021

Cashew Nut Market Size in Asia

The Asian cashew nut market fell slightly to $X in 2020, which is down by -X% against the previous year. The total consumption indicated temperate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2018 indices. The growth pace was the most rapid in 2009 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level at $X in 2019, and then dropped slightly in the following year.

Cashew Nut Production in Asia

In value terms, cashew nut production shrank slightly to $X in 2020 estimated in export prices. The total production indicated mild 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. Based on 2020 figures, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. The level of production peaked at $X in 2009; however, from 2010 to 2020, production remained at a lower figure.

India (X tonnes) constituted the country with the largest volume of cashew nut production, accounting for X% of total volume. Moreover, cashew nut production in India exceeded the figures recorded by the second-largest producer, Viet Nam (X tonnes), threefold. The Philippines (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in India amounted to +X%. The remaining producing countries recorded the following average annual rates of production growth: Viet Nam (-X% per year) and the Philippines (+X% per year).

The average cashew nut yield reached X kg per ha in 2020, remaining stable against 2019. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the yield increased by X% against the previous year. Over the period under review, the cashew nut yield hit record highs at X kg per ha in 2018; however, from 2019 to 2020, the yield remained at a lower figure. 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 Asia; approximately reflecting the previous year. in general, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X% y-o-y. The level of harvested area peaked in 2020 and is expected to retain growth in the immediate term.

Production by Country in Asia

India (X tonnes) remains the largest cashew nut producing country in Asia, accounting for X% of total volume. Moreover, cashew nut production in India exceeded the figures recorded by the second-largest producer, Viet Nam (X tonnes), threefold. The Philippines (X tonnes) ranked third in terms of total production with a X% share.

In India, cashew nut production increased at an average annual rate of +X% over the period from 2007-2020. in the other countries, the average annual rates were as follows: Viet Nam (-X% per year) and the Philippines (+X% per year).

Cashew Nut Exports

Exports in Asia

In 2020, shipments abroad of cashew nuts increased by X% to X tonnes, rising for the third year in a row after two years of decline. Total exports indicated a slight increase from 2007 to 2020: its volume 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. Based on 2020 figures, exports increased by +X% against 2017 indices. The growth pace was the most rapid in 2019 when exports increased by X% y-o-y. The volume of export peaked in 2020 and is likely to continue growth in the immediate term.

In value terms, cashew nut exports reduced to $X in 2020. Total exports indicated temperate 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. Based on 2020 figures, exports increased by +X% against 2013 indices. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at $X in 2019, and then dropped in the following year.

Exports by Country

Indonesia was the largest exporter of cashew nuts in Asia, with the volume of exports amounting to X tonnes, which was approx. X% of total exports in 2020. India (X tonnes) ranks second in terms of the total exports with a X% share, followed by Thailand (X%). Cambodia (X tonnes) and Myanmar (X tonnes) held a minor share of total exports.

Indonesia experienced a relatively flat trend pattern with regard to volume of exports of cashew nuts. at the same time, Myanmar (+X%), Thailand (+X%), Cambodia (+X%) and India (+X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. While the share of Thailand (+X p.p.), Cambodia (+X p.p.) and Myanmar (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Indonesia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest cashew nut supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports. It was followed by Myanmar, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Indonesia stood at +X%. in the other countries, the average annual rates were as follows: India (+X% per year) and Myanmar (+X% per year).

Export Prices by Country

In 2020, the cashew nut export price in Asia amounted to $X per tonne, declining by -X% against the previous year. Export price indicated tangible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, cashew nut export price decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2010 when the export price increased by X% y-o-y. Over the period under review, export prices attained the maximum at $X per tonne in 2017; however, from 2018 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Myanmar ($X per tonne), while Thailand ($X per tonne) was amongst the lowest.

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

Cashew Nut Imports

Imports in Asia

Cashew nut imports declined slightly to X tonnes in 2020, shrinking by -X% on the previous year's figure. in general, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. The volume of import peaked at X tonnes in 2019, and then fell in the following year.

In value terms, cashew nut imports fell to $X in 2020. Overall, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

Viet Nam (X tonnes) and India (X tonnes) represented roughly X% of total imports of cashew nuts in 2020.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Viet Nam.

In value terms, the largest cashew nut importing markets in Asia were Viet Nam ($X) and India ($X terms of the main importing countries, Viet Nam saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The cashew nut import price in Asia stood at $X per tonne in 2020, waning by -X% against the previous year. Import price indicated a pronounced expansion from 2007 to 2020: its price 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. Based on 2020 figures, cashew nut import price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2010 an increase of X% year-to-year. The level of import peaked at $X per tonne in 2017; however, from 2018 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. in 2020, the country with the highest price was India ($X per tonne), while Viet Nam totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cashew nuts in Asia?
+
The countries with the highest volumes of cashew nut consumption in 2020 were India (1.6M tonnes), Viet Nam (1.5M tonnes) and the Philippines (258K tonnes), together accounting for 96% of total consumption.
What are the largest producers of cashew nuts in Asia?
+
India (754K tonnes) constituted the country with the largest volume of cashew nut production, accounting for 50% of total volume. Moreover, cashew nut production in India exceeded the figures recorded by the second-largest producer, Viet Nam (281K tonnes), threefold. The third position in this ranking was occupied by the Philippines (258K tonnes), with a 17% share.
What are the leading suppliers of cashew nuts in Asia?
+
In value terms, Indonesia ($102M) remains the largest cashew nut supplier in Asia, comprising 68% of total exports. The second position in the ranking was occupied by India ($20M), with a 13% share of total exports. It was followed by Myanmar, with a 7.6% share.
What are the leading importers of cashew nuts in Asia?
+
In value terms, Viet Nam ($1.4B) and India ($1.1B) were the countries with the highest levels of imports in 2020.
What is the average export price for cashew nuts in Asia?
+
The cashew nut export price in Asia stood at $1,390 per tonne in 2020, with a decrease of -14.3% against the previous year.
What is the average import price for cashew nuts in Asia?
+
The cashew nut import price in Asia stood at $1,200 per tonne in 2020, waning by -7.5% against the previous year.

Product coverage:
• FCL 217 - Cashew nuts

This report provides an in-depth analysis of the cashew nut market in Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Cambodia
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Macao SAR
• Maldives
• Mongolia
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets and Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Viet Nam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings in 2020
Table 2:
Market Volume, in Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, by Country, 2015–2020
Table 5:
Production, in Physical Terms, by Country, 2007–2020
Table 6:
Harvested Area, by Country, 2007–2020
Table 7:
Yield, by Country, 2007–2020
Table 8:
Imports, in Physical Terms, by Country, 2007–2020
Table 9:
Imports, in Value Terms, by Country, 2007–2020
Table 10:
Import Prices, by Country of Destination, 2007–2020
Table 11:
Exports, in Physical Terms, by Country, 2007–2020
Table 12:
Exports, in Value Terms, by Country, 2007–2020
Table 13:
Export Prices, by Country of Origin, 2007–2020
Table 14:
Producer Prices, by Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), by Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, by Country, 2020
Figure 4:
Market Forecast to 2030
Figure 5:
Products: Market Size and Growth, by Type
Figure 6:
Products: Average Per Capita Consumption, by Type
Figure 7:
Products: Exports and Growth, by Type
Figure 8:
Products: Export Prices and Growth, by Type
Figure 9:
Production Volume and Growth
Figure 10:
Yield and Growth
Figure 11:
Exports and Growth
Figure 12:
Export Prices and Growth
Figure 13:
Market Size and Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports and Growth
Figure 16:
Import Prices
Figure 17:
Production, in Physical Terms, 2007–2020
Figure 18:
Production, in Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, by Country, 2020
Figure 22:
Production, in Physical Terms, by Country, 2007–2020
Figure 23:
Harvested Area, by Country, 2020
Figure 24:
Harvested Area, by Country, 2007–2020
Figure 25:
Yield, by Country, 2007–2020
Figure 26:
Imports, in Physical Terms, 2007–2020
Figure 27:
Imports, in Value Terms, 2007–2020
Figure 28:
Imports, in Physical Terms, by Country, 2020
Figure 29:
Imports, in Physical Terms, by Country, 2007–2020
Figure 30:
Imports, in Value Terms, by Country, 2007–2020
Figure 31:
Import Prices, by Country, 2007–2020
Figure 32:
Exports, in Physical Terms, 2007–2020
Figure 33:
Exports, in Value Terms, 2007–2020
Figure 34:
Exports, in Physical Terms, by Country, 2020
Figure 35:
Exports, in Physical Terms, by Country, 2007–2020
Figure 36:
Exports, in Value Terms, by Country, 2007–2020
Figure 37:
Export Prices, 2007–2020
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