Global Cashew Nut Market 2022

Cashew Nut Market Size

The global cashew nut market amounted to $X in 2021, stabilizing at the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2019 indices. Global consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Cashew Nut Production

In value terms, cashew nut production totaled $X in 2021 estimated in export prices. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. From 2019 to 2021, global production growth remained at a lower figure.

The countries with the highest volumes of cashew nut production in 2021 were India (X tonnes), Cote d'Ivoire (X tonnes) and Vietnam (X tonnes), with a combined X% share of global production. These countries were followed by Ghana, Burundi, Tanzania, the Philippines, Nigeria, Mali, Benin, Guinea-Bissau, Burkina Faso and Brazil, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of cashew nut production, amongst the main producing countries, was attained by Mali (+X%), while cashew nut production for the other global leaders experienced more modest paces of growth.

In 2021, the global average yield of cashew nuts shrank modestly to X kg per ha, dropping by -X% against 2020. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X% y-o-y. The global yield peaked at X kg per ha in 2018; however, from 2019 to 2021, the yield stood at a somewhat lower figure. 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 declined modestly to X ha in 2021, approximately equating the previous year's figure. The harvested area increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The global harvested area peaked at X ha in 2020, and then fell slightly in the following year.

Production By Country

The countries with the highest volumes of cashew nut production in 2021 were India (X tonnes), Cote d'Ivoire (X tonnes) and Vietnam (X tonnes), with a combined X% share of global production. Ghana, Burundi, Tanzania, the Philippines, Nigeria, Mali, Benin, Guinea-Bissau, Burkina Faso and Brazil lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of cashew nut production, amongst the leading producing countries, was attained by Mali (+X%), while cashew nut production for the other global leaders experienced more modest paces of growth.

Cashew Nut Exports

Exports

In 2021, the amount of cashew nuts exported worldwide expanded notably to X tonnes, surging by X% on 2020 figures. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, the global exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, cashew nut exports soared to $X in 2021. Over the period under review, total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by X% year-to-year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the global exports remained at a lower figure.

Exports by Country

In 2021, Cote d'Ivoire (X tonnes), distantly followed by Ghana (X tonnes), Tanzania (X tonnes), Benin (X tonnes), Nigeria (X tonnes) and Guinea-Bissau (X tonnes) represented the major exporters of cashew nuts, together mixing up X% of total exports. Burkina Faso (X tonnes), Indonesia (X tonnes), Togo (X tonnes), Guinea (X tonnes) and Senegal (X tonnes) occupied a minor share of total exports.

From 2012 to 2021, the biggest increases were in Burkina Faso (+X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Tanzania ($X) and Ghana ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for X% of global exports. These countries were followed by Benin, Nigeria, Guinea-Bissau, Indonesia, Burkina Faso, Togo, Senegal and Guinea, which together accounted for a further X Faso, with a CAGR of +X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average cashew nut export price stood at $X per tonne in 2021, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% y-o-y. Over the period under review, the average export prices attained the maximum at $X per tonne in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Tanzania ($X per tonne), while Guinea ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+X%), while the other global leaders experienced more modest paces of growth.

Cashew Nut Imports

Imports

In 2021, approx. X tonnes of cashew nuts were imported worldwide; with an increase of X% on the year before. Overall, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% year-to-year. Global imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, cashew nut imports totaled $X in 2021. In general, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Global imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Vietnam dominates cashew nut imports structure, accounting for X tonnes, which was near X% of total imports in 2021. It was distantly followed by India (X tonnes), making up a X% share of total imports.

Vietnam was also the fastest-growing in terms of the cashew nuts imports, with a CAGR of +X% from 2012 to 2021. India (-X%) illustrated a downward trend over the same period. Vietnam (+X p.p.) significantly strengthened its position in terms of the global imports, while India saw its share reduced by -X% from 2012 to 2021, respectively.

In value terms, Vietnam ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2021.

Vietnam, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The average cashew nut import price stood at $X per tonne in 2021, shrinking by -X% against the previous year. Over the period under review, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was India ($X per tonne), while Vietnam stood at $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%).

Source: IndexBox Platform