Report Update Apr 1, 2024

Australia - Cashew Nuts - Market Analysis, Forecast, Size, Trends and Insights

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Australia: Cashew Nut Market 2024

Cashew Nut Market Size in Australia

For the third consecutive year, the Australian cashew nut market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption saw a significant increase. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Cashew Nut Production in Australia

In value terms, cashew nut production soared to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X,400%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

The average yield of cashew nuts in Australia amounted to less than X kg per ha in 2022, therefore, remained relatively stable against the previous year. 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.

In 2022, approx. less than X ha of cashew nuts were harvested in Australia; stabilizing at 2021 figures. Overall, the harvested area recorded a relatively flat trend pattern.

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Cashew Nut Exports

Exports from Australia

In 2022, overseas shipments of cashew nuts decreased by X% to X kg, falling for the second year in a row after two years of growth. Overall, exports recorded a significant decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, cashew nut exports contracted markedly to $X in 2022. In general, exports showed a dramatic curtailment. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X kg) was the main destination for cashew nut exports from Australia, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Papua New Guinea totaled X%.

From 2012 to 2022, the average annual rate of growth in terms of value to Papua New Guinea amounted to X%.

Export Prices by Country

In 2022, the average cashew nut export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Papua New Guinea amounted to X% per year.

Cashew Nut Imports

Imports into Australia

In 2022, the amount of cashew nuts imported into Australia surged to X tons, increasing by X% compared with the previous year. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, cashew nut imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Vietnam (X tons) was the main cashew nut supplier to Australia, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Vietnam totaled X%.

In value terms, Vietnam ($X) constituted the largest supplier of cashew nuts to Australia.

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam totaled X%.

Import Prices by Country

The average cashew nut import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a mild slump. The growth pace was the most rapid in 2014 when the average 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 average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Vietnam.

From 2012 to 2022, the rate of growth in terms of prices for Samoa amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of consumption in 2023 were Vietnam, India and Ghana, together accounting for 73% of global consumption. Nigeria, the Philippines, Benin, Brazil, Indonesia, Tanzania and Mozambique lagged somewhat behind, together comprising a further 19%.

What are the largest producers of cashew nuts in the world?

The countries with the highest volumes of production in 2022 were Cote d'Ivoire, Ghana and India, together comprising 45% of global production. Nigeria, Vietnam, Tanzania, the Philippines, Benin, Indonesia, Mozambique, Burkina Faso, Brazil and Guinea-Bissau lagged somewhat behind, together comprising a further 45%.

What are the leading suppliers of cashew nuts to Australia?

In value terms, Vietnam constituted the largest supplier of cashew nuts to Australia.

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

The average cashew nut export price stood at $10,085 per ton in 2022, growing by 117% against the previous year.

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

The average cashew nut import price stood at $8,730 per ton in 2022, falling by -28.4% against the previous year.

This report provides an in-depth analysis of the cashew nut market in Australia. 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 2030.

Product coverage:

FCL 217 - Cashew nuts

Country coverage:

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023