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Philippines - Cashew Nuts - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Cashew Nut Market Overview 2019

Cashew Nut Market Size in the Philippines

The revenue of the cashew nut market in the Philippines amounted to $X in 2017, surging by X% against the previous year. In general, cashew nut consumption continues to indicate a strong increase. The pace of growth appeared the most rapid in 2010, with an increase of X% year-to-year. The cashew nut consumption peaked in 2017, and is expected to retain its growth in the near future.

Cashew Nut Production in the Philippines

In 2017, approx. X tonnes of cashew nuts were produced in the Philippines; picking up by X% against the previous year. Overall, cashew nut production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2015, when it surged by X% year-to-year. Over the period under review, the cashew nut production reached its peak figure volume in 2017, and is likely to see steady growth in the immediate term. Cashew nut output in the Philippines indicated a prominent growth, which was largely conditioned by a remarkable expansion of the harvested area and a prominent increase in yield figures.

Average yield of cashew nuts in the Philippines amounted to X tonne per ha in 2017, coming up by X% against the previous year. In general, the yield indicated a remarkable increase from 2007 to 2017: its figure increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the cashew nut yield increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2015, when yield increased by X% y-o-y. Over the period under review, the average cashew nut yield attained its peak figure level in 2017, and is expected to retain its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, cashew nut harvested area in the Philippines stood at X ha, flattening at the previous year. In general, cashew nut harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when harvested area increased by X% against the previous year. The cashew nut harvested area peaked of X ha in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Cashew Nut Exports in the Philippines

Cashew nut exports from the Philippines stood at X tonnes in 2017, waning by -X% against the previous year. In general, cashew nut exports continue to indicate an outstanding growth. The most prominent rate of growth was recorded in 2016, when it surged by X% year-to-year. In that year, the cashew nut exports reached their peak volume of X tonnes, and then declined slightly in the following year.

In value terms, cashew nut exports stood at $X in 2017. In general, cashew nut exports continue to indicate a strong expansion. Over the period under review, the cashew nut exports reached its maximum level in 2017, and are likely to continue its growth in the near future.

Cashew Nut Exports by Country in the Philippines

Viet Nam (X tonnes) was the main destination of cashew nut exports from the Philippines, accounting for X% share of total exports. Moreover, cashew nut exports to Viet Nam exceeded the volume sent to the second major destination, Indonesia (X tonnes), sevenfold. Malaysia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume to Viet Nam amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+X% per year) and Malaysia (-X% per year).

In value terms, Viet Nam ($X) remains the key foreign market for cashew nut exports from the Philippines, making up X% of total cashew nut exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2007 to 2017, the average annual growth rate of value to Viet Nam totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+X% per year) and Malaysia (-X% per year).

Cashew Nut Export Prices by Country in the Philippines

The average cashew nut export price stood at $X per tonne in 2017, increasing by X% against the previous year. In general, cashew nut export price continues to indicate a temperate reduction. The most prominent rate of growth was recorded in 2017, when the average export prices increased by X% against the previous year. Over the period under review, the average export prices for cashew nuts reached its maximum level of $X per tonne in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Viet Nam ($X per tonne), while average price for exports to Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Viet Nam (+X% per year), the export prices for other major destinations experienced mixed trend patterns.

Cashew Nut Imports in the Philippines

Cashew nut imports into the Philippines totaled X tonnes in 2017, lowering by -X% against the previous year. Overall, cashew nut imports continue to indicate a dramatic setback. The pace of growth was the most pronounced in 2009, when imports increased by X% against the previous year. In that year, the cashew nut imports reached their peak volume of X tonnes. From 2010 to 2017, growth of the cashew nut imports stood at a somewhat lower level.

In value terms, cashew nut imports amounted to $X in 2017. In general, cashew nut imports continue to indicate a deep curtailment. In that year, the cashew nut imports reached their peak level of $X. From 2010 to 2017, growth of the cashew nut imports failed to regain its momentum.

Cashew Nut Imports by Country in the Philippines

Togo (X tonnes), Viet Nam (X tonnes) and Singapore (X tonnes) were the main suppliers of cashew nut imports to the Philippines.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Singapore (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Viet Nam ($X), Singapore ($X) and Togo ($X) appeared to be the largest cashew nut suppliers to the Philippines.

Singapore (+X% per year) recorded the highest rates of growth with regard to imports, in terms of the main suppliers over the last decade, while the other leaders experienced more modest paces of growth.

Cashew Nut Import Prices by Country in the Philippines

In 2017, the average cashew nut import price amounted to $X per tonne, reducing by -X% against the previous year. Overall, cashew nut import price continues to indicate a remarkable increase. The growth pace was the most rapid in 2011, an increase of X% against the previous year. Over the period under review, the average import prices for cashew nuts reached its maximum level of $X per tonne in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was Singapore ($X per tonne), while prices for cashew nut imports from Togo ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Singapore (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• FCL 217 - Cashew nuts

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

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Philippines
• 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 2025
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 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
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 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
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, 2007–2018
Figure 22:
Production, In Value Terms, 2007–2018
Figure 23:
Area Harvested, 2007–2018
Figure 24:
Yield, 2007–2018
Figure 25:
Imports, In Physical Terms, 2007–2018
Figure 26:
Imports, In Value Terms, 2007–2018
Figure 27:
Imports, In Physical Terms, By Country, 2018
Figure 28:
Imports, In Physical Terms, By Country, 2007–2018
Figure 29:
Imports, In Value Terms, By Country, 2007–2018
Figure 30:
Import Prices, By Country Of Origin, 2007–2018
Figure 31:
Exports, In Physical Terms, 2007–2018
Figure 32:
Exports, In Value Terms, 2007–2018
Figure 33:
Exports, In Physical Terms, By Country, 2018
Figure 34:
Exports, In Physical Terms, By Country, 2007–2018
Figure 35:
Exports, In Value Terms, By Country, 2007–2018
Figure 36:
Export Prices, By Country Of Destination, 2007–2018
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