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Republic of Korea - Cashew Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCashew Nut Price in South Korea - 2022
Contents:
Cashew Nut Price in South Korea (CIF) - 2022
In 2022, the average cashew nut import price amounted to $24,383 per ton, which is down by -7.7% against the previous year. Over the period under review, the import price, however, enjoyed strong growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 296%. As a result, import price attained the peak level of $26,429 per ton, and then contracted in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($25,530 per ton), while the price for Vietnam ($14,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Cashew Nut Imports in South Korea
In 2022, cashew nut imports into South Korea skyrocketed to 321 kg, rising by 81% on the year before. Overall, imports enjoyed a prominent expansion. The growth pace was the most rapid in 2020 when imports increased by 3,704%. As a result, imports reached the peak of 7.7 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, cashew nut imports surged to $7.8K in 2022. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,327% against the previous year. As a result, imports reached the peak of $51K. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Cashew Nut in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2.4 | 0.7 | 4.1 | 7.3 | 44.9% |
Vietnam | N/A | 0.1 | 0.3 | 0.3 | 73.2% |
China | N/A | N/A | 0.1 | 0.2 | 100.0% |
Cambodia | 1.1 | 50.6 | N/A | N/A | 4500.0% |
Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
Total | 3.6 | 51.5 | 4.7 | 7.8 | 29.4% |
Top Suppliers of Cashew Nut to South Korea in 2022:
- United States (285.0 kg)
- Vietnam (23.0 kg)
- China (11.0 kg)
This report provides an in-depth analysis of the cashew nut market in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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
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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
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Explore the top import markets for cashew nuts in 2023, including key statistics and trends. Learn about the leading countries driving the global trade of this popular nut.
The global cashew nut market expanded significantly to $14.9B in 2019, growing by 5.6% against the previous year....
Global cashew nut consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
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.
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
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.
Global brazil nut consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
In 2015, the countries with the highest levels of production in 2015 were Bolivia (X thousand tons), Brazil (X thousand tons), Côte D'Ivoire (X thousand tons), together accounting for X% of total output.
Modern processes of globalization and improvement of production and logistics processes stimulate the development of exotic product markets. For example, if earlier Brazil nuts were strictly a local commodity, now they are
Bolivia dominates in the global Brazil nut trade. In 2014, Bolivia exported X thousand tons of Brazil nuts totaling X million USD, a robust X% over the previous year. Its primary trading partner was the United Kingdom, where it supplied X% of it