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

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Cashew Nut Market Size in Ghana

In 2019, the Ghanian cashew nut market decreased by -X% to $X, falling for the second year in a row after three years of growth. In general, consumption saw a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.

Cashew Nut Production in Ghana

In value terms, cashew nut production contracted slightly to $X in 2019 estimated in export prices. In general, production continues to indicate resilient growth. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2019, production failed to regain the momentum.

The average yield of cashew nuts in Ghana declined modestly to X tonnes per ha in 2019, shrinking by -X% against 2018 figures. Over the period under review, the yield, however, recorded a strong increase. The most prominent rate of growth was recorded in 2008 when the yield increased by X% against the previous year. Over the period under review, the average cashew nut yield attained the maximum level at X tonnes per ha in 2013; however, from 2014 to 2019, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the harvested area of cashew nuts in Ghana expanded sharply to X ha, with an increase of X% compared with 2018. Over the period under review, the harvested area enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X% against the previous year. The cashew nut harvested area peaked at X ha in 2017; however, from 2018 to 2019, the harvested area stood at a somewhat lower figure.

Cashew Nut Exports

Exports from Ghana

In 2019, the amount of cashew nuts exported from Ghana was estimated at X tonnes, growing by X% on the previous year. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure in 2019 and are expected to retain growth in years to come.

In value terms, cashew nut exports fell to $X in 2019. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Exports peaked at $X in 2017; however, from 2018 to 2019, exports remained at a lower figure.

Exports by Country

Viet Nam (X tonnes) and India (X tonnes) were the main destinations of cashew nut exports from Ghana, together comprising X% of total exports.

From 2007 to 2019, the biggest increases were in Viet Nam.

In value terms, Viet Nam ($X) and India ($X) were the largest markets for cashew nut exported from Ghana worldwide, with a combined X% share of total exports.

Viet Nam recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2019, the average cashew nut export price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.

Average prices varied noticeably for the major foreign markets. In 2019, the country with the highest price was India ($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 India.

Cashew Nut Imports

Imports into Ghana

In 2019, the amount of cashew nuts imported into Ghana contracted dramatically to X kg, with a decrease of -X% on 2018. Over the period under review, imports saw a dramatic curtailment. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, cashew nut imports shrank significantly to $X in 2019. Overall, imports showed a significant decline. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Lebanon (X kg) constituted the largest cashew nut supplier to Ghana, with a X% share of total imports. Moreover, cashew nut imports from Lebanon exceeded the figures recorded by the second-largest supplier, the U.S. (X kg), sixfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Lebanon totaled -X%.

In value terms, Lebanon ($X) constituted the largest supplier of cashew nut to Ghana, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Lebanon totaled -X%.

Import Prices by Country

In 2019, the average cashew nut import price amounted to $X per tonne, declining by -X% against the previous year. Overall, the import price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per tonne in 2016; however, from 2017 to 2019, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was Lebanon ($X per tonne), while the price for the U.S. totaled $X per tonne.

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

Source: IndexBox AI 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 2019 were Viet Nam (2.1M tonnes), India (1.5M tonnes) and the Philippines (243K tonnes), together accounting for 74% of global consumption. These countries were followed by Mali, Guinea-Bissau, Benin, Brazil, Cote d'Ivoire, Mozambique and Indonesia, which together accounted for a further 19%.
What are the largest producers of cashew nuts in the world?
+
The countries with the highest volumes of cashew nut production in 2019 were Viet Nam (1.5M tonnes), India (803K tonnes) and Cote d'Ivoire (747K tonnes), with a combined 56% share of global production. These countries were followed by Tanzania, the Philippines, Ghana, Benin, Mali, Guinea-Bissau, Guinea, Brazil, Indonesia and Mozambique, which together accounted for a further 35%.
What are the leading suppliers of cashew nuts to Ghana?
+
In value terms, Lebanon ($90) constituted the largest supplier of cashew nut to Ghana, comprising 88% of total imports. The second position in the ranking was occupied by the U.S. ($12), with a 12% share of total imports.
What are the leading importers of cashew nuts from Ghana?
+
In value terms, Viet Nam ($143M) and India ($80M) constituted the largest markets for cashew nut exported from Ghana worldwide, with a combined 100% share of total exports.
What is the average export price for cashew nuts in Ghana?
+
The average cashew nut export price stood at $941 per tonne in 2019, falling by -11.4% against the previous year.
What is the average import price for cashew nuts in Ghana?
+
The average cashew nut import price stood at $773 per tonne in 2019, falling by -7.9% against the previous year.

Product coverage:
• FCL 217 - Cashew nuts

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

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