Pakistan: Cashew Nut Market Overview 2021

Cashew Nut Market Size in Pakistan

The Pakistani cashew nut market dropped to $X in 2019, which is down by -X% against the previous year. Overall, consumption saw a abrupt contraction. Cashew nut consumption peaked at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Cashew Nut Production in Pakistan

In value terms, cashew nut production fell dramatically to $X in 2020 estimated in export prices. Overall, production, however, enjoyed a strong increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019, and then plummeted in the following year.

In 2020, the average yield of cashew nuts in Pakistan stood at X kg per ha, approximately mirroring the previous year. Overall, the yield continues to indicate 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 2020, the total area harvested in terms of cashew nuts production in Pakistan stood at X ha, approximately reflecting 2019 figures. In general, the harvested area saw a relatively flat trend pattern.

Cashew Nut Exports

Exports from Pakistan

Cashew nut exports from Pakistan reached X tonnes in 2020, flattening at the previous year's figure. In general, exports recorded a prominent increase. The growth pace was the most rapid in 2014 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure in 2020 and are expected to retain growth in years to come.

In value terms, cashew nut exports stood at $X in 2020. Overall, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Exports peaked in 2020 and are expected to retain growth in years to come.

Exports by Country

Austria (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 Austria exceeded the volume sent to the second major destination, Bahrain (X tonnes), fivefold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Austria stood at +X%.

In value terms, Bahrain ($X) and Austria ($X) appeared to be the largest markets for cashew nut exported from Pakistan worldwide.

Austria saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average cashew nut export price stood at $X per tonne in 2020, remaining relatively unchanged against the previous year. Over the period under review, the export price showed temperate growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% y-o-y. 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.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Bahrain ($X per tonne), while the average price for exports to Austria stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain.

Cashew Nut Imports

Imports into Pakistan

In 2020, purchases abroad of cashew nuts increased by X% to X tonnes, rising for the fifth year in a row after two years of decline. Overall, imports, however, recorded a perceptible slump. The growth pace was the most rapid in 2013 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, cashew nut imports expanded remarkably to $X in 2020. In general, imports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2013 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Nigeria (X tonnes) constituted the largest supplier of cashew nut to Pakistan, with a X% share of total imports. Moreover, cashew nut imports from Nigeria exceeded the figures recorded by the second-largest supplier, Viet Nam (X tonnes), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Nigeria totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Viet Nam (-X% per year) and Afghanistan (+X% per year).

In value terms, the largest cashew nut suppliers to Pakistan were Viet Nam ($X), Nigeria ($X) and Afghanistan ($X), with a combined X% share of total imports.

Afghanistan saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average cashew nut import price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, the import price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. Over the period under review, average import prices reached the maximum at $X per tonne in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Nigeria, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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India (1.6M tonnes) remains the largest cashew nut consuming country worldwide, comprising approx. 44% of total volume. Moreover, cashew nut consumption in India exceeded the figures recorded by the second-largest consumer, Viet Nam (348K tonnes), fivefold. The Philippines (258K tonnes) ranked third in terms of total consumption with a 7% 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 2020 were Cote d'Ivoire (864K tonnes), India (754K tonnes) and Ghana (346K tonnes), with a combined 47% share of global production. Viet Nam, the Philippines, Tanzania, Benin, Mali, Guinea-Bissau, Burkina Faso, Brazil, Indonesia and Mozambique lagged somewhat behind, together accounting for a further 45%.

What are the leading suppliers of cashew nuts to Pakistan?

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In value terms, Viet Nam ($31K), Nigeria ($29K) and Afghanistan ($2.4K) were the largest cashew nut suppliers to Pakistan, with a combined 99% share of total imports.

What are the leading importers of cashew nuts from Pakistan?

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In value terms, the largest markets for cashew nut exported from Pakistan were Bahrain ($76K) and Austria ($56K).

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

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The average cashew nut export price stood at $4,172 per tonne in 2020, standing approx. at 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 $4,642 per tonne in 2020, falling by -33.4% against the previous year.