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 2017, jumping by X% against the previous year. In general, cashew nut consumption continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. Over the period under review, the global cashew nut market reached its maximum level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Cashew Nut Production

In 2017, approx. X tonnes of cashew nuts were produced worldwide; coming up by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2015, when the output figure increased by X% year-to-year. In that year, the global cashew nut production reached their peak volume of X tonnes. From 2016 to 2017, growth of the global cashew nut production stood at a somewhat lower level. The general positive trend in terms of cashew nut output was largely conditioned by a slight expansion of the harvested area and a mild shrinkage in yield figures.

The countries with the highest volumes of cashew nut production in 2017 were Viet Nam (X tonnes), India (X tonnes) and the Philippines (X tonnes), with a combined X% share of global production. Guinea-Bissau, Benin, Mozambique, Brazil, Indonesia and Mali lagged somewhat behind, together comprising a further X%.

From 2007 to 2017, the most notable rate of growth in terms of cashew nut production, amongst the main producing countries, was attained by Benin (+X% per year), while the other global leaders experienced more modest paces of growth.

In 2017, the global average cashew nut yield stood at X kg per ha, therefore, remained relatively stable against the previous year. In general, cashew nut yield continues to indicate a mild setback. The pace of growth was the most pronounced in 2015, with an increase of X% year-to-year. Global cashew nut yield peaked of X kg per ha in 2008; however, from 2009 to 2017, it 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 2017, approx. X ha of cashew nuts were harvested worldwide; surging by X% against the previous year. The harvested area increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2009, when harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to cashew nut production reached its peak figure of X ha in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Cashew Nut Exports

Exports 2007-2017

In 2017, the amount of cashew nuts exported worldwide amounted to X tonnes, growing by X% against the previous year. Overall, cashew nut exports continue to indicate a prominent increase. The growth pace was the most rapid in 2017, when exports increased by X% year-to-year. In that year, the global cashew nut exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, cashew nut exports amounted to $X in 2017. Overall, cashew nut exports continue to indicate a prominent expansion. In that year, the global cashew nut exports reached their peak level of $X. From 2015 to 2017, growth of the global cashew nut exports failed to regain its momentum.

Exports by Country

Cote d'Ivoire represented the largest exporting country with an export of around X tonnes, which resulted at X% of total exports. Tanzania (X tonnes) held a X% share (based on tonnes) of total exports, which put it in second place, followed by Ghana (X%), Burkina Faso (X%) and Benin (X%). The following exporters - Indonesia (X tonnes) and Nigeria (X tonnes) each amounted to a X% share of total exports.

From 2007 to 2017, average annual rates of growth with regard to cashew nut exports from Cote d'Ivoire stood at +X%. At the same time, Tanzania (+X%), Nigeria (+X%), Ghana (+X%) and Benin (+X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. Burkina Faso experienced a relatively flat trend pattern. By contrast, Indonesia (-X%) illustrated a downward trend over the same period. While the share of Benin (-X%), Nigeria (-X%), Ghana (-X%), Tanzania (-X%) and Cote d'Ivoire (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X), Tanzania ($X) and Ghana ($X) were the countries with the highest levels of exports in 2017, with a combined X% share of global exports.

Tanzania (+X% per year) recorded the highest rates of growth with regard to exports, in terms of the main exporting countriesover the last decade, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2017, the average cashew nut export price amounted to $X per tonne, waning by -X% against the previous year. Overall, the export price indicated a strong expansion from 2007 to 2017: its price 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 export price decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2010, an increase of X% year-to-year. Over the period under review, the average export prices for cashew nuts reached its peak figure level of $X per tonne in 2014; however, from 2015 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 Indonesia ($X per tonne), while Benin ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Indonesia (+X% per year), while the other global leaders experienced more modest paces of growth.

Cashew Nut Imports

Imports 2007-2017

In 2017, the global imports of cashew nuts amounted to X tonnes, remaining relatively unchanged against the previous year. Overall, cashew nut imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2011, with an increase of X% year-to-year. Global imports peaked of X tonnes in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, cashew nut imports amounted to $X in 2017. Overall, cashew nut imports continue to indicate a remarkable increase. Over the period under review, the global cashew nut imports attained its maximum level in 2017, and are expected to retain its growth in the immediate term.

Imports by Country

Viet Nam represented the major importer of cashew nuts in the world, with the volume of imports finishing at X tonnes, which was approx. X% of total imports in 2017. It was distantly followed by India (X tonnes), committing X% share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Viet Nam (+X% per year).

In value terms, Viet Nam ($X) and India ($X) constituted the countries with the highest levels of imports in 2017, with a combined X% share of global imports.

Viet Nam (+X% per year) recorded the highest rates of growth with regard to imports, in terms of the main importing countriesover the last decade.

Import Prices by Country

The average cashew nut import price stood at $X per tonne in 2017, going up by X% against the previous year. Overall, the import price indicated a prominent expansion from 2007 to 2017: its price 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 import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010, an increase of X% year-to-year. Global import price peaked of $X per tonne in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Average import prices varied somewhat amongst the major importing countries. In 2017, the country with the highest import price was India ($X per tonne), while Viet Nam ($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 India (+X% per year).

Source: IndexBox AI Platform