Middle East: Cashew Nut Market 2024

Cashew Nut Market Size in the Middle East

The Middle Eastern cashew nut market amounted to $X in 2022, surging by X% against the previous year. In general, consumption, however, saw strong growth. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Cashew Nut Production in the Middle East

In value terms, cashew nut production stood at $X in 2022 estimated in export price. The total production indicated a prominent 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, production decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The United Arab Emirates (X tons) remains the largest cashew nut producing country in the Middle East, comprising approx. X% of total volume. It was followed by Turkey (X tons), with a X% share of total production.

From 2012 to 2022, the average annual rate of growth in terms of volume in the United Arab Emirates amounted to X%.

Cashew Nut Exports

Exports in the Middle East

In 2022, overseas shipments of cashew nuts increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a perceptible increase. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, cashew nut exports skyrocketed to $X in 2022. Overall, exports continue to indicate a buoyant increase. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), mixing up a X% share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Saudi Arabia (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. The United Arab Emirates (X p.p.) and Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest cashew nut supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price, however, posted buoyant growth. The growth pace was the most rapid in 2016 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then fell markedly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates amounted to $X per ton.

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

Cashew Nut Imports

Imports in the Middle East

In 2022, overseas purchases of cashew nuts were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports saw a prominent expansion. The pace of growth was the most pronounced in 2014 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, cashew nut imports reduced to $X in 2022. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Saudi Arabia prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Lebanon (X tons), making up a X% share of total imports. The following importers - Oman (X tons) and Kuwait (X tons) - each accounted for a X% share of total imports.

Imports into Saudi Arabia increased at an average annual rate of X% from 2012 to 2022. At the same time, Lebanon (X%), Oman (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. While the share of Saudi Arabia (X p.p.), Lebanon (X p.p.), Kuwait (X p.p.) and Oman (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported cashew nuts in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Lebanon ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

In Saudi Arabia, cashew nut imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Lebanon (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price, however, showed a slight increase. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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