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

Global Cashew Nut Market Overview 2019

Cashew Nut Market Size

The global cashew nut market revenue amounted to $X in 2018, falling by -X% against the previous year. In general, cashew nut consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the market value increased by X% year-to-year. In that year, the global cashew nut market attained its peak level of $X. From 2016 to 2018, the growth of the global cashew nut market remained at a lower figure.

Cashew Nut Production

In value terms, cashew nut production amounted to $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2013 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when production volume increased by X% against the previous year. The global cashew nut production peaked at $X in 2017, and then declined slightly in the following year.

The countries with the highest volumes of cashew nut production in 2018 were Viet Nam (X tonnes), Cote d'Ivoire (X tonnes) and India (X tonnes), together accounting for X% of global production. The Philippines, Mozambique, Brazil and Indonesia lagged somewhat behind, together accounting for a further X 2013 to 2018, the most notable rate of growth in terms of cashew nut production, amongst the main producing countries, was attained by Mozambique, while the other global leaders experienced more modest paces of growth.

Global average cashew nut yield amounted to X kg per ha in 2018, increasing by X% against the previous year. In general, the cashew nut yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when yield increased by X% year-to-year. In that year, the average cashew nut yield reached its peak level of X kg per ha. From 2016 to 2018, the growth of the average cashew nut yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of cashew nuts production worldwide stood at X ha, going up by X% against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when harvested area increased by X% year-to-year. In that year, the global cashew nut harvested area attained its peak level of X ha. From 2016 to 2018, the growth of the global cashew nut harvested area failed to regain its momentum.

Production By Country

The countries with the highest volumes of cashew nut production in 2018 were Viet Nam (X tonnes), Cote d'Ivoire (X tonnes) and India (X tonnes), with a combined X% share of global production. Tanzania, Ghana, the Philippines, Benin, Guinea-Bissau, Mozambique, Brazil, Indonesia and Nigeria lagged somewhat behind, together accounting for a further X 2013 to 2018, the most notable rate of growth in terms of cashew nut production, amongst the main producing countries, was attained by Tanzania, while the other global leaders experienced more modest paces of growth.

Cashew Nut Exports

Exports 2007-2018

In 2018, the global exports of cashew nuts stood at X tonnes, jumping by X% against the previous year. Over the period under review, cashew nut exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by X% year-to-year. The global exports peaked at X tonnes in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

In value terms, cashew nut exports totaled $X in 2018. In general, the total exports indicated a remarkable expansion from 2013 to 2018: its value increased at an average annual rate of +X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. In that year, global cashew nut exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

The exports of the twelve major exporters of cashew nuts, namely Tanzania, Ghana, Cote d'Ivoire, Benin, Guinea-Bissau, Nigeria, Indonesia, Burkina Faso, Guinea, Togo, Senegal and Mozambique, represented more than two-thirds of total export.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Tanzania, while the other global leaders experienced more modest paces of growth.

In value terms, Tanzania ($X), Ghana ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of global exports. These countries were followed by Benin, Guinea-Bissau, Nigeria, Indonesia, Burkina Faso, Togo, Guinea, Mozambique and Senegal, which together accounted for a further X recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last five years, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average cashew nut export price amounted to $X per tonne, jumping by X% against the previous year. In general, the export price indicated a remarkable expansion from 2013 to 2018: its price increased at an average annual rate of +X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cashew nut export price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for cashew nuts attained their peak figure in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Guinea-Bissau ($X per tonne), while Senegal ($X per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Benin, while the other global leaders experienced more modest paces of growth.

Cashew Nut Imports

Imports 2007-2018

In 2018, the amount of cashew nuts imported worldwide stood at X tonnes, going up by X% against the previous year. Over the period under review, the total imports indicated moderate growth from 2013 to 2018: its volume increased at an average annual rate of +X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cashew nut imports decreased by -X% against 2015 indices. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. In that year, global cashew nut imports attained their peak of X tonnes. From 2016 to 2018, the growth of global cashew nut imports remained at a lower figure.

In value terms, cashew nut imports totaled $X in 2018. Overall, the total imports indicated a remarkable increase from 2013 to 2018: its value increased at an average annual rate of +X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cashew nut imports decreased by -X% against 2016 indices. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. The global imports peaked at $X in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, India (X tonnes) represented the key importer of cashew nuts, committing X% of total imports. It was distantly followed by Viet Nam (X tonnes), comprising a X% share of total imports. Brazil (X tonnes) took a relatively small share of total imports.

India was also the fastest-growing in terms of the cashew nuts imports, with a CAGR of +X% from 2013 to 2018. At the same time, Viet Nam (+X%) displayed positive paces of growth. By contrast, Brazil (-X%) illustrated a downward trend over the same period. While the share of India (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported cashew nuts worldwide, comprising X% of global imports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of global imports.

In India, cashew nut imports increased at an average annual rate of +X% over the period from 2013-2018. In the other countries, the average annual rates were as follows: Viet Nam (-X% per year) and Brazil (+X% per year).

Import Prices by Country

The average cashew nut import price stood at $X per tonne in 2018, waning by -X% against the previous year. In general, the import price indicated a remarkable increase from 2013 to 2018: its price increased at an average annual rate of +X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cashew nut import price increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% year-to-year. In that year, the average import prices for cashew nuts reached their peak level of $X per tonne, and then declined slightly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2018, the country with the highest price was India ($X per tonne), while Viet Nam ($X per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform