Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Australia - 2023
Contents:
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Australia (CIF) - 2023
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Australia (FOB) - 2022
- Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Australia
- Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Australia
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Australia (CIF) - 2023
In November 2023, the average import price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $5,464 per ton, picking up by 4.2% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $6,125 per ton in January 2023; however, from February 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Vietnam ($5,524 per ton), while the price for Indonesia stood at $2,546 per ton.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Vietnam (-0.8%).
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Australia (FOB) - 2022
In 2022, the average export price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $9,543 per ton, dropping by -8.3% against the previous year. In general, the export price, however, saw buoyant growth. The pace of growth appeared the most rapid in 2014 an increase of 66% against the previous year. The export price peaked at $10,402 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($15,972 per ton), while the average price for exports to Vietnam ($7,880 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Australia
In 2022, the amount of nuts, edible; cashew nuts, shelled, fresh or drieds imported into Australia amounted to 16K tons, leveling off at the previous year. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 12%. As a result, imports attained the peak of 18K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of nuts, edible; cashew nuts, shelled, fresh or drieds fell modestly to $99M in 2022. Overall, imports, however, saw a abrupt decline.
| Import of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 114 | 106 | 99.6 | 97.0 | -5.2% |
| Others | 3.3 | 3.7 | 0.9 | 2.2 | -12.6% |
| Total | 117 | 110 | 100 | 99.2 | -5.4% |
Top Suppliers of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried to Australia in 2022:
- Vietnam (15.8K tons)
Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Australia
After two years of decline, overseas shipments of nuts, edible; cashew nuts, shelled, fresh or drieds increased by 95% to 65 tons in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +7.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of nuts, edible; cashew nuts, shelled, fresh or drieds skyrocketed to $620K in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 344 | 229 | 51.2 | 339 | -0.5% |
| New Zealand | 127 | 128 | 242 | 122 | -1.3% |
| Singapore | N/A | N/A | 6.9 | 66.8 | 868.1% |
| United States | N/A | N/A | N/A | 39.2 | 0% |
| South Africa | N/A | 20.7 | 22.7 | 21.1 | 1.0% |
| Philippines | N/A | 11.5 | 2.6 | 13.3 | 7.5% |
| Others | 5.8 | 13.5 | 19.9 | 18.2 | 46.4% |
| Total | 477 | 402 | 346 | 620 | 9.1% |
Top Export Markets for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried from Australia in 2022:
- Vietnam (43.0 tons)
- New Zealand (7.7 tons)
- Singapore (5.6 tons)
- United States (3.8 tons)
- South Africa (2.3 tons)
- Philippines (1.3 tons)
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