Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in China - 2023
Contents:
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in China (CIF) - 2023
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in China (FOB) - 2022
- Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in China
- Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in China
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in China (CIF) - 2023
The average import price for nuts, edible; cashew nuts, shelled, fresh or drieds stood at $5,299 per ton in December 2023, which is down by -4.1% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 8.9% against the previous month. As a result, import price attained the peak level of $6,196 per ton. From May 2023 to December 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Vietnam ($5,785 per ton), while the price for Myanmar totaled $4,983 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+0.0%).
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in China (FOB) - 2022
The average export price for nuts, edible; cashew nuts, shelled, fresh or drieds stood at $5,246 per ton in 2022, declining by -11.1% against the previous year. In general, the export price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2016 an increase of 81%. As a result, the export price attained the peak level of $9,317 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($11,323 per ton), while the average price for exports to Vietnam ($3,317 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 Malaysia (+44.8%), 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 China
For the fourth year in a row, China recorded growth in supplies from abroad of nuts, edible; cashew nuts, shelled, fresh or drieds, which increased by 38% to 42K tons in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of nuts, edible; cashew nuts, shelled, fresh or drieds surged to $252M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.0% 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 +66.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 152 | 148 | 180 | 232 | 15.1% |
| Cote d'Ivoire | 0.1 | 0.5 | 4.7 | 10.4 | 370.3% |
| Myanmar | 6.1 | N/A | 4.6 | 9.0 | 13.8% |
| Others | 7.4 | 2.8 | 1.4 | 0.5 | -59.3% |
| Total | 166 | 151 | 191 | 252 | 14.9% |
Top Suppliers of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried to China in 2022:
- Vietnam (37.5K tons)
- Cote d'Ivoire (3.1K tons)
- Myanmar (1.6K tons)
Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in China
In 2022, exports of nuts, edible; cashew nuts, shelled, fresh or drieds from China soared to 329 tons, increasing by 447% on the year before. Over the period under review, exports recorded a significant increase. 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 surged to $1.7M in 2022. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 391%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Export of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | N/A | N/A | N/A | 622 | 0% |
| Uzbekistan | N/A | N/A | 171 | 515 | 201.2% |
| Malaysia | 0.5 | 14.3 | 94.6 | 207 | 645.3% |
| Kyrgyzstan | 49.0 | 40.0 | N/A | 156 | 47.1% |
| Vietnam | 284 | 4.9 | 43.7 | 139 | -21.2% |
| Russia | N/A | N/A | N/A | 65.8 | 0% |
| Hong Kong SAR | 99.6 | 2.5 | 29.9 | 23.3 | -38.4% |
| Others | 11.0 | 10.7 | 16.4 | 0.6 | -62.1% |
| Total | 444 | 72.3 | 355 | 1,729 | 57.3% |
Top Export Markets for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried from China in 2022:
- Kazakhstan (151.5 tons)
- Uzbekistan (71.4 tons)
- Vietnam (42.0 tons)
- Malaysia (28.3 tons)
- Kyrgyzstan (23.8 tons)
- Russia (10.1 tons)
- Hong Kong SAR (2.1 tons)
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