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South Africa - Cashew Nuts - Market Analysis, Forecast, Size, Trends and Insights
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South Africa: Cashew Nut Market Overview 2021

Cashew Nut Market Size in South Africa

The South African cashew nut market surged to $X in 2020, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 when the market value increased by X% y-o-y. Cashew nut consumption peaked at $X in 2009; however, from 2010 to 2020, consumption remained at a lower figure.

Cashew Nut Exports

Exports from South Africa

In 2020, overseas shipments of cashew nuts were finally on the rise to reach X tonnes for the first time since 2017, thus ending a two-year declining trend. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Exports peaked at X tonnes in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

In value terms, cashew nut exports declined markedly to $X in 2020. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Exports peaked at $X in 2009; however, from 2010 to 2020, exports remained at a lower figure.

Exports by Country

Namibia (X tonnes), Botswana (X tonnes) and Lesotho (X tonnes) were the main destinations of cashew nut exports from South Africa, together accounting for X% of total exports.

From 2007 to 2020, the biggest increases were in Lesotho, while shipments for the other leaders experienced a decline.

In value terms, Botswana ($X) remains the key foreign market for cashew nut exports from South Africa, comprising X% of total exports. The second position in the ranking was occupied by Namibia ($X), with a X% share of total exports. It was followed by Lesotho, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Botswana totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (-X% per year) and Lesotho (+X% per year).

Export Prices by Country

In 2020, the average cashew nut export price amounted to $X per tonne, falling by -X% against the previous year. Overall, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Botswana ($X per tonne), while the average price for exports to Namibia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Lesotho, while the prices for the other major destinations experienced mixed trend patterns.

Cashew Nut Imports

Imports into South Africa

Cashew nut imports into South Africa skyrocketed to X tonnes in 2020, jumping by X% on the previous year. Over the period under review, imports, however, showed a deep slump. Over the period under review, imports attained the maximum at X tonnes in 2009; however, from 2010 to 2020, imports failed to regain the momentum.

In value terms, cashew nut imports surged to $X in 2020. In general, imports, however, saw a abrupt contraction. Imports peaked at $X in 2009; however, from 2010 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Mozambique (X tonnes) was the main cashew nut supplier to South Africa, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Mozambique amounted to +X%.

In value terms, Mozambique ($X) constituted the largest supplier of cashew nut to South Africa.

From 2007 to 2020, the average annual growth rate of value from Mozambique stood at +X%.

Import Prices by Country

The average cashew nut import price stood at $X per tonne in 2020, falling by -X% against the previous year. In general, the import price saw a pronounced slump. The most prominent rate of growth was recorded in 2019 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for Mozambique.

From 2007 to 2020, the rate of growth in terms of prices for Mozambique amounted to -X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cashew nuts in the world?
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The countries with the highest volumes of cashew nut consumption in 2020 were India (1.6M tonnes), Viet Nam (1.5M tonnes) and Cote d'Ivoire (310K tonnes), together accounting for 72% of global consumption. The Philippines, Mali, Brazil, Burkina Faso, Cambodia, Mozambique and Guinea-Bissau lagged somewhat behind, together comprising a further 20%.
What are the largest producers of cashew nuts in the world?
+
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), together accounting for 44% of global production. Viet Nam, the Philippines, Tanzania, Benin, Mali, Nigeria, Guinea-Bissau, Burkina Faso, Brazil and Indonesia lagged somewhat behind, together accounting for a further 44%.
What are the leading suppliers of cashew nuts to South Africa?
+
In value terms, Mozambique ($579K) constituted the largest supplier of cashew nut to South Africa.
What are the leading importers of cashew nuts from South Africa?
+
In value terms, Botswana ($13K) remains the key foreign market for cashew nut exports from South Africa, comprising 50% of total exports. The second position in the ranking was occupied by Namibia ($5.9K), with a 23% share of total exports. It was followed by Lesotho, with a 17% share.
What is the average export price for cashew nuts in South Africa?
+
In 2020, the average cashew nut export price amounted to $3,972 per tonne, falling by -24.4% against the previous year.
What is the average import price for cashew nuts in South Africa?
+
The average cashew nut import price stood at $3,318 per tonne in 2020, waning by -37.8% against the previous year.

Product coverage:
• FCL 217 - Cashew nuts

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

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in South Africa
• 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

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 2030
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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
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, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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