Australia and Oceania: Cashew Nut Market 2024

Cashew Nut Market Size in Australia and Oceania

The cashew nut market in Australia and Oceania soared to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption recorded a significant increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Cashew Nut Production in Australia and Oceania

In value terms, cashew nut production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2017 with an increase of X,400%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of cashew nut production was Australia (X tons), comprising approx. X% of total volume.

In Australia, cashew nut production increased at an average annual rate of X% over the period from 2012-2022.

Cashew Nut Exports

Exports in Australia and Oceania

In 2022, overseas shipments of cashew nuts decreased by X% to X kg, falling for the second consecutive year after two years of growth. In general, exports faced a precipitous slump. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, cashew nut exports reduced sharply to $X in 2022. Overall, exports continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand represented the major exporter of cashew nuts in Australia and Oceania, with the volume of exports amounting to X kg, which was near X% of total exports in 2022. It was distantly followed by Fiji (X kg) and Australia (X kg), together mixing up a X% share of total exports.

New Zealand was also the fastest-growing in terms of the cashew nuts exports, with a CAGR of X% from 2012 to 2022. Fiji (X%) and Australia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand and Fiji increased by X and X percentage points, respectively.

In value terms, New Zealand ($X) remains the largest cashew nut supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports.

In New Zealand, cashew nut exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Australia (X% per year) and Fiji (X% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price saw strong growth. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced a decline in the export price figures.

Cashew Nut Imports

Imports in Australia and Oceania

In 2022, imports of cashew nuts in Australia and Oceania skyrocketed to X tons, jumping by X% against the previous year's figure. Overall, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, cashew nut imports soared to $X in 2022. Over the period under review, imports recorded a strong expansion. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Australia dominates imports structure, resulting at X tons, which was near X% of total imports in 2022. The following importers - Micronesia (X tons) and Papua New Guinea (X tons) - each recorded a X% share of total imports.

Australia was also the fastest-growing in terms of the cashew nuts imports, with a CAGR of X% from 2012 to 2022. At the same time, Papua New Guinea (X%) displayed positive paces of growth. By contrast, Micronesia (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Micronesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported cashew nuts in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by Papua New Guinea ($X), with a X% share of total imports.

In Australia, cashew nut imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Papua New Guinea (X% per year) and Micronesia (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price, however, enjoyed a slight expansion. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while Micronesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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