Australia: Cashew Nut Market Overview 2021

Cashew Nut Market Size in Australia

The Australian cashew nut market contracted notably to $X in 2019, declining by -X% against the previous year. Over the period under review, consumption saw a slight descent. The pace of growth appeared the most rapid in 2017 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.

Cashew Nut Production in Australia

In value terms, cashew nut production stood at $X in 2019 estimated in export prices. Overall, production showed a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2019, production failed to regain the momentum.

In 2019, the average cashew nut yield in Australia stood at X kg per ha, approximately equating the year before. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cashew nut harvested area in Australia totaled X ha in 2019, therefore, remained relatively stable against the previous year's figure. In general, the harvested area saw a relatively flat trend pattern.

Cashew Nut Exports

Exports from Australia

In 2019, the amount of cashew nuts exported from Australia declined notably to X tonnes, dropping by -X% compared with the previous year's figure. Overall, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Exports peaked at X tonnes in 2015; however, from 2016 to 2019, exports remained at a lower figure.

In value terms, cashew nut exports shrank markedly to $X in 2019. In general, exports showed a drastic downturn. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2010; however, from 2011 to 2019, exports failed to regain the momentum.

Exports by Country

Viet Nam (X tonnes) was the main destination for cashew nut exports from Australia, accounting for a X% share of total exports. Moreover, cashew nut exports to Viet Nam exceeded the volume sent to the second major destination, New Zealand (X tonnes), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Viet Nam stood at -X%.

In value terms, Viet Nam ($X) remains the key foreign market for cashew nut exports from Australia, comprising X% of total exports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to Viet Nam stood at -X%.

Export Prices by Country

In 2019, the average cashew nut export price amounted to $X per tonne, approximately mirroring the previous year. Overall, the export price showed a slight decline. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was New Zealand ($X per tonne), while the average price for exports to Viet Nam totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Viet Nam.

Cashew Nut Imports

Imports into Australia

In 2019, the amount of cashew nuts imported into Australia shrank significantly to X tonnes, declining by -X% compared with 2018. Over the period under review, imports showed a abrupt decline. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2017; however, from 2018 to 2019, imports remained at a lower figure.

In value terms, cashew nut imports fell sharply to $X in 2019. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018, and then reduced remarkably in the following year.

Imports by Country

Viet Nam (X tonnes) and Cambodia (X tonnes) were the main suppliers of cashew nut imports to Australia, together comprising X% of total imports.

From 2007 to 2019, the biggest increases were in Cambodia.

In value terms, Cambodia ($X) and Viet Nam ($X) appeared to be the largest cashew nut suppliers to Australia, with a combined X% share of total imports.

In terms of the main suppliers, Cambodia recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2019, the average cashew nut import price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, the import price, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne, and then fell dramatically in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was Cambodia ($X per tonne), while the price for Viet Nam stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Viet Nam.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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India (1.6M tonnes) constituted the country with the largest volume of cashew nut consumption, accounting for 43% of total volume. Moreover, cashew nut consumption in India exceeded the figures recorded by the second-largest consumer, Viet Nam (501K tonnes), threefold. Burundi (283K tonnes) ranked third in terms of total consumption with a 7.6% share.

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 Cote d'Ivoire (793K tonnes), India (743K tonnes) and Ghana (321K tonnes), with a combined 41% share of global production. These countries were followed by Burundi, Viet Nam, the Philippines, Nigeria, Tanzania, Benin, Mali, Guinea-Bissau, Brazil and Burkina Faso, which together accounted for a further 46%.

What are the leading suppliers of cashew nuts to Australia?

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In value terms, the largest cashew nut suppliers to Australia were Cambodia ($60K) and Viet Nam ($55K), together accounting for 99% of total imports.

What are the leading importers of cashew nuts from Australia?

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In value terms, Viet Nam ($14K) remains the key foreign market for cashew nut exports from Australia, comprising 52% of total exports. The second position in the ranking was occupied by New Zealand ($5.1K), with a 19% share of total exports.

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

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The average cashew nut export price stood at $1,728 per tonne in 2019, almost unchanged from the previous year.

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

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The average cashew nut import price stood at $8,055 per tonne in 2019, reducing by -27.3% against the previous year.