Pakistan: Cashew Nut Market Overview 2021

Cashew Nut Market Size in Pakistan

In 2019, the Pakistani cashew nut market decreased by -X% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption, however, saw a temperate expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Cashew nut consumption peaked at $X in 2016; however, from 2017 to 2019, consumption failed to regain the momentum.

Cashew Nut Production in Pakistan

In value terms, cashew nut production stood at $X in 2019 estimated in export prices. Overall, production posted temperate growth. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2013 to 2019, production growth failed to regain the momentum.

In 2019, the average cashew nut yield in Pakistan amounted to X kg per ha, therefore, remained relatively stable against the previous year's figure. In general, the yield showed 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 Pakistan; flattening at the previous year. Overall, the harvested area showed a relatively flat trend pattern.

Cashew Nut Exports

Exports from Pakistan

For the third year in a row, Pakistan recorded growth in overseas shipments of cashew nuts, which increased by X% to X tonnes in 2019. Overall, exports recorded prominent growth. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. As a result, exports reached the peak of X tonnes. From 2012 to 2019, the growth exports failed to regain the momentum.

In value terms, cashew nut exports soared to $X in 2019. In general, exports posted a resilient increase. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tonnes) was the main destination for cashew nut exports from Pakistan, accounting for a X% share of total exports. Moreover, cashew nut exports to the United Arab Emirates exceeded the volume sent to the second major destination, Austria (X tonnes), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +X%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for cashew nut exports from Pakistan, comprising X% of total exports. The second position in the ranking was occupied by Austria ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +X%.

Export Prices by Country

The average cashew nut export price stood at $X per tonne in 2019, jumping by X% against the previous year. In general, the export price continues to indicate a noticeable expansion. The pace of growth was the most pronounced in 2012 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the maximum at $X per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Austria ($X per tonne), while the average price for exports to the United Arab Emirates totaled $X per tonne.

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

Cashew Nut Imports

Imports into Pakistan

In 2019, approx. X tonnes of cashew nuts were imported into Pakistan; stabilizing at 2018 figures. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Imports peaked in 2019 and are expected to retain growth in years to come.

In value terms, cashew nut imports reached $X in 2019. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2009 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum in 2019 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2019, Nigeria (X tonnes) was the main cashew nut supplier to Pakistan, with a X% share of total imports. It was followed by Indonesia (X kg), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from Nigeria stood at +X%.

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

From 2007 to 2019, the average annual growth rate of value from Nigeria stood at +X%.

Import Prices by Country

The average cashew nut import price stood at $X per tonne in 2019, stabilizing at the previous year. In general, the import price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2007; however, from 2008 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Nigeria ($X per tonne), while the price for Indonesia stood at $X per tonne.

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cashew nuts in the world?

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The country with the largest volume of cashew nut consumption was India (1.6M tonnes), 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?

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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 Pakistan?

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In value terms, Nigeria ($54K) constituted the largest supplier of cashew nut to Pakistan, comprising 98% of total imports. The second position in the ranking was occupied by Indonesia ($613), with a 1.1% share of total imports.

What are the leading importers of cashew nuts from Pakistan?

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In value terms, the United Arab Emirates ($106K) emerged as the key foreign market for cashew nut exports from Pakistan, comprising 81% of total exports. The second position in the ranking was occupied by Austria ($10K), with a 7.6% share of total exports.

What is the average export price for cashew nuts in Pakistan?

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In 2019, the average cashew nut export price amounted to $4,172 per tonne, with an increase of 35% against the previous year.

What is the average import price for cashew nuts in Pakistan?

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The average cashew nut import price stood at $1,994 per tonne in 2019, almost unchanged from the previous year.