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

Cashew Nut Market Size in Colombia

In 2020, the Colombian cashew nut market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Cashew nut consumption peaked at $X in 2016; however, from 2017 to 2020, consumption stood at a somewhat lower figure.

Cashew Nut Production in Colombia

In value terms, cashew nut production totaled $X in 2020 estimated in export prices. In general, production recorded a perceptible decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% y-o-y. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2020, production stood at a somewhat lower figure.

The average yield of cashew nuts in Colombia declined to X tonnes per ha in 2020, with a decrease of -X% against the previous year. In general, the yield recorded a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The cashew nut yield peaked at X tonnes per ha in 2016; however, from 2017 to 2020, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of cashew nuts production in Colombia was estimated at X ha, leveling off at the previous year's figure. In general, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by X% y-o-y. The cashew nut harvested area peaked at X ha in 2017; however, from 2018 to 2020, the harvested area stood at a somewhat lower figure.

Cashew Nut Exports

Exports from Colombia

In 2020, shipments abroad of cashew nuts decreased by -X% to X tonnes, falling for the sixth consecutive year after eight years of growth. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, exports reached the peak of X tonnes. from 2015 to 2020, the growth exports remained at a lower figure.

In value terms, cashew nut exports contracted dramatically to $X in 2020. In general, exports showed a deep downturn. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2015 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Viet Nam (X tonnes) was the main destination for cashew nut exports from Colombia, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Viet Nam totaled -X%.

In value terms, Viet Nam ($X) also remains the key foreign market for cashew nut exports from Colombia.

From 2007 to 2020, the average annual rate of growth in terms of value to Viet Nam totaled -X%.

Export Prices by Country

The average cashew nut export price stood at $X per tonne in 2020, increasing by X% against the previous year. Over the period under review, export price indicated a moderate increase 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 2014 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, export price reached the peak level of $X per tonne. from 2015 to 2020, the growth in terms of 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 Viet Nam.

From 2007 to 2020, the rate of growth in terms of prices for Viet Nam amounted to +X% per year.

Cashew Nut Imports

Imports into Colombia

For the seventh consecutive year, Colombia recorded growth in overseas purchases of cashew nuts, which increased by X% to X tonnes in 2020. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, cashew nut imports soared to $X in 2020. Overall, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, the U.S. (X tonnes) was the main cashew nut supplier to Colombia, with a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. totaled +X%.

In value terms, the U.S. ($X) constituted the largest supplier of cashew nut to Colombia.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. totaled +X%.

Import Prices by Country

In 2020, the average cashew nut import price amounted to $X per tonne, increasing by X% against the previous year. In general, the import price posted a buoyant expansion. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2020 and is likely to see gradual growth in the immediate term.

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

From 2007 to 2020, the rate of growth in terms of prices for the U.S. 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 cashew nut consumption in 2020 were India (1.6M tonnes), Viet Nam (1.5M tonnes) and Cote d'Ivoire (310K tonnes), together accounting for 72% of global consumption. The Philippines, Mali, Brazil, Burkina Faso, Cambodia, Mozambique and Guinea-Bissau lagged somewhat behind, together accounting for a further 20%.
What are the largest producers of cashew nuts in the world?
+
The countries with the highest volumes of cashew nut production in 2020 were Cote d'Ivoire (864K tonnes), India (754K tonnes) and Ghana (346K tonnes), together accounting for 44% of global production. These countries were followed by Viet Nam, the Philippines, Tanzania, Benin, Mali, Nigeria, Guinea-Bissau, Burkina Faso, Brazil and Indonesia, which together accounted for a further 44%.
What are the leading suppliers of cashew nuts to Colombia?
+
In value terms, the U.S. ($116K) constituted the largest supplier of cashew nut to Colombia.
What are the leading importers of cashew nuts from Colombia?
+
In value terms, Viet Nam ($52K) remains the key foreign market for cashew nut exports from Colombia.
What is the average export price for cashew nuts in Colombia?
+
In 2020, the average cashew nut export price amounted to $1,000 per tonne, rising by 9.5% against the previous year.
What is the average import price for cashew nuts in Colombia?
+
The average cashew nut import price stood at $14,450 per tonne in 2020, growing by 11% against the previous year.

Product coverage:
• FCL 217 - Cashew nuts

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

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Colombia
• 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
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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

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

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 In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
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, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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