Global Cashew Nut Market 2024

Cashew Nut Market Size

The global cashew nut market reduced slightly to $X in 2022, declining by X% against the previous year. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X, and then contracted slightly in the following year.

Cashew Nut Production

In value terms, cashew nut production amounted to $X in 2022 estimated in export price. In general, production, however, posted resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, global production growth remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Burkina Faso (with a CAGR of X%), while production for the other global leaders experienced more modest paces of growth.

The global average cashew nut yield dropped slightly to X kg per ha in 2022, which is down by X% compared with 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when the yield increased by X%. As a result, the yield reached the peak level of X kg per ha, and then dropped slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cashew nuts were harvested worldwide; therefore, remained relatively stable against 2021. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the harvested area reached the peak level of X ha. From 2019 to 2022, the growth of the global cashew nut harvested area failed to regain momentum.

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Cashew Nut Exports

Exports

After three years of growth, overseas shipments of cashew nuts decreased by X% to X tons in 2022. Overall, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the global exports reached the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, cashew nut exports fell dramatically to $X in 2022. In general, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the global exports remained at a lower figure.

Exports by Country

Cote d'Ivoire represented the key exporter of cashew nuts in the world, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Ghana (X tons), Tanzania (X tons), Nigeria (X tons), Burkina Faso (X tons) and Senegal (X tons), together committing a X% share of total exports. Guinea-Bissau (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Ghana ($X) and Tanzania ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of global exports. Nigeria, Guinea-Bissau, Burkina Faso and Senegal lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Senegal, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cashew nut export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Guinea-Bissau ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other global leaders experienced more modest paces of growth.

Cashew Nut Imports

Imports

Global cashew nut imports shrank to X tons in 2022, with a decrease of X% on the previous year's figure. Over the period under review, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, cashew nut imports reduced to $X in 2022. Overall, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

The countries with the highest levels of cashew nut imports in 2022 were Vietnam (X tons) and India (X tons), together accounting for X% of total import.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%).

In value terms, Vietnam ($X) and India ($X) were the countries with the highest levels of imports in 2022.

Among the main importing countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average cashew nut import price stood at $X per ton in 2022, approximately mirroring the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cashew nut import price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Vietnam stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%).

Source: IndexBox Platform

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