India - Cashew Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCashew Nut Price in India - 2023
Contents:
- Cashew Nut Price in India (CIF) - 2023
- Cashew Nut Price in India (FOB) - 2022
- Cashew Nut Imports in India
- Cashew Nut Exports in India
Cashew Nut Price in India (CIF) - 2023
The average cashew nut import price stood at $1,111 per ton in July 2023, reducing by -3.4% against the previous month. Overall, the import price saw a mild curtailment. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 4.7% month-to-month. Over the period under review, average import prices reached the maximum at $1,442 per ton in September 2022; however, from October 2022 to July 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were Togo ($1,149 per ton) and Cote d'Ivoire ($1,132 per ton), while the price for Guinea ($949 per ton) and Ghana ($994 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (-1.0%), while the prices for the other major suppliers experienced a decline.
Cashew Nut Price in India (FOB) - 2022
In 2022, the average cashew nut export price amounted to $1,376 per ton, picking up by 6.7% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cashew nut export price increased by +8.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 41%. The export price peaked at $2,126 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Vietnam.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +2.6% per year.
Cashew Nut Imports in India
In 2022, approx. 1.4M tons of cashew nuts were imported into India; with an increase of 55% on 2021. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cashew nut imports skyrocketed to $1.9B in 2022. Overall, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cashew Nut in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 168 | 110 | 135 | 349 | 27.6% |
| Ghana | 151 | 147 | 181 | 294 | 24.9% |
| Benin | 240 | 185 | 264 | 268 | 3.7% |
| Guinea-Bissau | 131 | 134 | 151 | 202 | 15.5% |
| Tanzania | 26.0 | 229 | 80.2 | 157 | 82.1% |
| Nigeria | 51.1 | 40.6 | 49.8 | 108 | 28.3% |
| Guinea | 48.4 | 37.1 | 55.8 | 99.3 | 27.1% |
| Senegal | 24.6 | 21.0 | 61.6 | 86.7 | 52.2% |
| Burkina Faso | 30.4 | 24.4 | 22.5 | 72.9 | 33.8% |
| Togo | 45.6 | 24.8 | 37.1 | 69.3 | 15.0% |
| Mozambique | 16.6 | 31.1 | 6.4 | 53.6 | 47.8% |
| Gambia | 34.4 | 29.7 | 31.9 | 35.4 | 1.0% |
| Singapore | 84.2 | 23.7 | 26.0 | 27.2 | -31.4% |
| Others | 46.8 | 49.4 | 23.6 | 63.0 | 10.4% |
| Total | 1,098 | 1,087 | 1,126 | 1,886 | 19.8% |
Top Suppliers of Cashew Nut to India in 2022:
- Cote d'Ivoire (273.1K tons)
- Ghana (225.3K tons)
- Benin (186.2K tons)
- Guinea-Bissau (130.4K tons)
- Tanzania (105.9K tons)
- Nigeria (80.9K tons)
- Guinea (78.9K tons)
- Burkina Faso (56.8K tons)
- Senegal (56.5K tons)
- Togo (49.1K tons)
- Mozambique (42.3K tons)
- Gambia (21.7K tons)
- Singapore (19.6K tons)
Cashew Nut Exports in India
In 2022, approx. 6.7K tons of cashew nuts were exported from India; declining by -74.5% against the previous year. In general, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by 71% against the previous year. As a result, the exports reached the peak of 26K tons, and then dropped dramatically in the following year.
In value terms, cashew nut exports declined dramatically to $9.2M in 2022. Over the period under review, exports faced a sharp decline. The growth pace was the most rapid in 2021 with an increase of 67% against the previous year. As a result, the exports reached the peak of $34M, and then declined notably in the following year.
| Export of Cashew Nut in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 20.2 | 19.5 | 33.5 | 8.7 | -24.5% |
| Others | 0.4 | 0.8 | 0.4 | 0.5 | 7.7% |
| Total | 20.6 | 20.3 | 33.9 | 9.2 | -23.6% |
Top Export Markets for Cashew Nut from India in 2022:
- Vietnam (6.6K tons)
This report provides an in-depth analysis of the cashew nut market in India. 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 2030.
Product coverage:
- FCL 217 - Cashew nuts
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
1297
This report provides an in-depth analysis of the cashew nut market in India.
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In April 2023, the growth rate for Cashew Nut imports was the most rapid at 96% compared to the previous month. The value of cashew nut imports saw a significant contraction to $63M in November 2023.
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In April 2023, the growth pace of Cashew Nut was the most rapid, experiencing a remarkable increase of 96% compared to the previous month. The value of cashew nut imports declined significantly to $74M in October 2023.
503
As of June 2023, the price of Cashew Nut was $1,151 per ton (CIF, India), representing a decrease of 5.9% compared to the previous month.
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The pace of growth for Coconut exports was most significant in May 2023, with a 51% month-on-month increase. However, in November 2023, the value of Coconut exports decreased to $8.1M.
1490
The global cashew nut market expanded significantly to $14.9B in 2019, growing by 5.6% against the previous year....
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Global cashew nut consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
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In 2015, the countries with the highest levels of production in 2015 were Nigeria (X thousand tons), India (X thousand tons), Vietnam (X thousand tons), together accounting for X% of total output.
1403
India dominates in the global cashew nut trade. In 2014, India exported X thousand tons of cashew nuts totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X% of its total cashew nut exp
1180
The output of the four major producers of cashew nuts, namely Vietnam, Nigeria, India and Côte d'Ivoire, constitute more than X% of global output.
1849
Global brazil nut consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
