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

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Cashew Nut Market Size in Chile

In 2019, after two years of decline, there was significant growth in the Chilean cashew nut market, when its value increased by X% to $X. Overall, consumption recorded a significant expansion. The growth pace was the most rapid in 2008 when the market value increased by X% year-to-year. Cashew nut consumption peaked at $X in 2016; however, from 2017 to 2019, consumption failed to regain the momentum.

Cashew Nut Production in Chile

In value terms, cashew nut production expanded modestly to $X in 2019 estimated in export prices. Over the period under review, the total production indicated mild growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.

The average yield of cashew nuts in Chile totaled X kg per ha in 2019, therefore, remained relatively stable against 2018 figures. Overall, the yield continues to indicate 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 2019, approx. X ha of cashew nuts were harvested in Chile; therefore, remained relatively stable against the year before. In general, the harvested area saw a relatively flat trend pattern.

Cashew Nut Exports

Exports from Chile

In 2019, shipments abroad of cashew nuts decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Over the period under review, exports faced a sharp contraction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, cashew nut exports reduced remarkably to $X in 2019. Overall, exports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

Turkey (X tonnes) was the main destination for cashew nut exports from Chile, accounting for a X% share of total exports. It was followed by Peru (X kg), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Turkey amounted to -X%.

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

From 2007 to 2019, the average annual growth rate of value to Turkey totaled -X%.

Export Prices by Country

The average cashew nut export price stood at $X per tonne in 2019, therefore, remained relatively stable against the previous year. In general, the export price posted slight growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2016; however, from 2017 to 2019, export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2019, the country with the highest price was Turkey ($X per tonne), while the average price for exports to Peru amounted to $X per tonne.

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

Cashew Nut Imports

Imports into Chile

In 2019, purchases abroad of cashew nuts decreased by -X% to X kg, falling for the ninth consecutive year after four years of growth. Over the period under review, imports faced a dramatic slump. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. As a result, imports attained the peak of X tonnes. From 2011 to 2019, the growth imports remained at a lower figure.

In value terms, cashew nut imports fell significantly to $X in 2019. In general, imports continue to indicate a significant contraction. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2011 to 2019, the growth imports failed to regain the momentum.

Imports by Country

In 2019, Pakistan (X kg) constituted the largest supplier of cashew nut to Chile, accounting for a X% share of total imports. Moreover, cashew nut imports from Pakistan exceeded the figures recorded by the second-largest supplier, Brazil (X kg), fivefold.

From 2007 to 2019, the average annual growth rate of volume from Pakistan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-X% per year) and the U.S. (-X% per year).

In value terms, Brazil ($X), the U.S. ($X) and Pakistan ($X) appeared to be the largest cashew nut suppliers to Chile, together comprising X% of total imports.

Pakistan recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average cashew nut import price stood at $X per tonne in 2019, reducing by -X% against the previous year. Overall, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. The import price peaked at $X per tonne in 2011; however, from 2012 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while the price for Pakistan ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S. (+X% per year), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cashew nuts in the world?
+
India (1.6M tonnes) constituted the country with the largest volume of cashew nut consumption, comprising approx. 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?
+
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), together comprising 41% 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 Chile?
+
In value terms, Brazil ($42), the U.S. ($37) and Pakistan ($25) constituted the largest cashew nut suppliers to Chile, with a combined 100% share of total imports.
What are the leading importers of cashew nuts from Chile?
+
In value terms, Turkey ($16K) remains the key foreign market for cashew nut exports from Chile, comprising 94% of total exports. The second position in the ranking was occupied by Peru ($315), with a 1.8% share of total exports.
What is the average export price for cashew nuts in Chile?
+
The average cashew nut export price stood at $7,085 per tonne in 2019, remaining relatively unchanged against the previous year.
What is the average import price for cashew nuts in Chile?
+
The average cashew nut import price stood at $3,143 per tonne in 2019, dropping by -29.4% against the previous year.

Product coverage:
• FCL 217 - Cashew nuts

This report provides an in-depth analysis of the cashew nut market in Chile. 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:
• Chile

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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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