Global Cashew Nut Market Overview 2020

Cashew Nut Market Size

The global cashew nut market reduced to $X in 2019, approximately mirroring the previous year. In general, consumption, however, posted a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2018 to 2019, the growth of the global market remained at a lower figure.

Cashew Nut Production

In value terms, cashew nut production shrank to $X in 2019 estimated in export prices. Overall, production enjoyed a strong increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. From 2018 to 2019, global production growth remained at a somewhat lower figure.

Viet Nam (X tonnes) constituted the country with the largest volume of cashew nut production, comprising approx. X% of total volume. Moreover, cashew nut production in Viet Nam exceeded the figures recorded by the second-largest producer, India (X tonnes), fourfold. The third position in this ranking was occupied by Cote d'Ivoire (X tonnes), with a X% share.

In Viet Nam, cashew nut production increased at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: India (+X% per year) and Cote d'Ivoire (+X% per year).

The global average cashew nut yield expanded modestly to X tonne per ha in 2019, surging by X% on 2018 figures. The yield figure increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the yield increased by X% year-to-year. The global yield peaked in 2019 and is likely to continue growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global cashew nut harvested area rose slightly to X ha in 2019, growing by X% on the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to cashew nut production reached the maximum in 2019 and is likely to see gradual growth in the immediate term.

Production By Country

Viet Nam (X tonnes) constituted the country with the largest volume of cashew nut production, accounting for X% of total volume. Moreover, cashew nut production in Viet Nam exceeded the figures recorded by the second-largest producer, India (X tonnes), fourfold. The third position in this ranking was occupied by Cote d'Ivoire (X tonnes), with a X% share.

In Viet Nam, cashew nut production expanded at an average annual rate of +X% over the period from 2007-2019. The remaining producing countries recorded the following average annual rates of production growth: India (+X% per year) and Cote d'Ivoire (+X% per year).

Cashew Nut Exports

Exports 2007-2018

In 2019, after three years of decline, there was significant growth in overseas shipments of cashew nuts, when their volume increased by X% to X tonnes. In general, exports posted a resilient expansion. Over the period under review, global exports hit record highs at X tonnes in 2015; however, from 2016 to 2019, exports remained at a lower figure.

In value terms, cashew nut exports skyrocketed to $X in 2019. Over the period under review, exports showed strong growth. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Global exports peaked at $X in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

Exports by Country

In 2019, Cote d'Ivoire (X tonnes) represented the main exporter of cashew nuts, generating X% of total exports. Ghana (X tonnes) occupied the second position in the ranking, followed by Benin (X tonnes), Guinea (X tonnes), Tanzania (X tonnes) and Nigeria (X tonnes). All these countries together held approx. X% share of total exports. Senegal (X tonnes) occupied a relatively small share of total exports.

From 2007 to 2019, average annual rates of growth with regard to cashew nut exports from Cote d'Ivoire stood at +X%. At the same time, Guinea (+X%), Senegal (+X%), Ghana (+X%), Nigeria (+X%), Benin (+X%) and Tanzania (+X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. Cote d'Ivoire (+X p.p.), Ghana (+X p.p.), Guinea (+X p.p.), Benin (+X p.p.), Nigeria (+X p.p.), Tanzania (+X p.p.) and Senegal (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) emerged as the largest cashew nut supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Benin ($X), with a X% share of global exports. It was followed by Guinea, with a X% share.

In Cote d'Ivoire, cashew nut exports increased at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Benin (+X% per year) and Guinea (+X% per year).

Export Prices by Country

In 2019, the average cashew nut export price amounted to $X per tonne, dropping by -X% against the previous year. Overall, export price indicated strong growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2018, and then declined remarkably in the following year.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire, while the other global leaders experienced more modest paces of growth.

Cashew Nut Imports

Imports 2007-2018

In 2019, supplies from abroad of cashew nuts decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Overall, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Global imports peaked at X tonnes in 2018, and then fell significantly in the following year.

In value terms, cashew nut imports contracted markedly to $X in 2019. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Over the period under review, global imports attained the maximum at $X in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

Imports by Country

India represented the major importing country with an import of about X tonnes, which amounted to X% of total imports. It was distantly followed by Viet Nam (X tonnes), constituting a X% share of total imports.

India was also the fastest-growing in terms of the cashew nuts imports, with a CAGR of +X% from 2007 to 2019. At the same time, Viet Nam (+X%) displayed positive paces of growth. From 2007 to 2019, the share of India and Viet Nam increased by +X% and +X% percentage points, while 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 2007-2019.

Import Prices by Country

The average cashew nut import price stood at $X per tonne in 2019, stabilizing at the previous year. Overall, the import price showed a mild decrease. The pace of growth was the most pronounced in 2010 when the average import price increased by X% year-to-year. Global import price peaked at $X per tonne in 2016; however, from 2017 to 2019, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2019, the country with the highest price was Viet Nam ($X per tonne), while India amounted to $X per tonne.

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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Viet Nam (3.1M tonnes) constituted the country with the largest volume of cashew nut consumption, comprising approx. 52% of total volume. Moreover, cashew nut consumption in Viet Nam exceeded the figures recorded by the second-largest consumer, India (1.4M tonnes), twofold. The third position in this ranking was occupied by the Philippines (244K tonnes), with a 4.1% share.

What are the largest producers of cashew nuts in the world?

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The country with the largest volume of cashew nut production was Viet Nam (2.9M tonnes), comprising approx. 42% of total volume. Moreover, cashew nut production in Viet Nam exceeded the figures recorded by the second-largest producer, India (803K tonnes), fourfold. The third position in this ranking was occupied by Cote d'Ivoire (747K tonnes), with a 11% share.

What are the leading exporters of cashew nuts in the world?

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In value terms, Cote d'Ivoire ($731M) emerged as the largest cashew nut supplier worldwide, comprising 30% of global exports. The second position in the ranking was occupied by Benin ($337M), with a 14% share of global exports. It was followed by Guinea, with a 10% share.

What are the leading importers of cashew nuts in the world?

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In value terms, India ($1.1B) constitutes the largest market for imported cashew nuts worldwide, comprising 65% of global imports. The second position in the ranking was occupied by Viet Nam ($480M), with a 28% share of global imports.

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

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In 2019, the average cashew nut export price amounted to $1,514 per tonne, declining by -17.9% against the previous year.

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

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The average cashew nut import price stood at $1,963 per tonne in 2019, flattening at the previous year.