India: Cashew Nut Market 2024

Cashew Nut Market Size in India

In 2022, the Indian cashew nut market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Cashew nut consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Cashew Nut Production in India

In value terms, cashew nut production fell modestly to $X in 2022 estimated in export price. Overall, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The average yield of cashew nuts in India fell to X kg per ha in 2022, leveling off at 2021 figures. Over the period under review, the yield showed a mild shrinkage. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. Over the period under review, the average cashew nut yield attained the peak level at X kg per ha in 2018; however, from 2019 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the cashew nut harvested area in India declined slightly to X ha, remaining constant against 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to cashew nut production attained the maximum at X ha in 2021, and then reduced in the following year.

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Cashew Nut Exports

Exports from India

Cashew nut exports from India shrank dramatically to X tons in 2022, with a decrease of X% against 2021. Overall, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then declined rapidly in the following year.

In value terms, cashew nut exports contracted rapidly to $X in 2022. In general, exports, however, saw a resilient increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Vietnam (X tons) was the main destination for cashew nut exports from India, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam stood at X%.

In value terms, Vietnam ($X) also remains the key foreign market for cashew nuts exports from India.

From 2012 to 2022, the average annual growth rate of value to Vietnam totaled X%.

Export Prices by Country

The average cashew nut export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X 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 X% per year.

Cashew Nut Imports

Imports into India

In 2022, cashew nut imports into India soared to X tons, rising by X% against 2021 figures. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cashew nut imports soared to $X in 2022. In general, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Cote d'Ivoire (X tons), Ghana (X tons) and Benin (X tons) were the main suppliers of cashew nut imports to India, with a combined X% share of total imports. Guinea-Bissau, Tanzania, Nigeria, Guinea, Burkina Faso, Senegal, Togo, Mozambique, Gambia and Indonesia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cashew nut suppliers to India were Cote d'Ivoire ($X), Ghana ($X) and Benin ($X), with a combined X% share of total imports. Guinea-Bissau, Tanzania, Nigeria, Guinea, Senegal, Burkina Faso, Togo, Mozambique, Gambia and Indonesia lagged somewhat behind, together accounting for a further X%.

Burkina Faso, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cashew nut import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cashew nut import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Gambia ($X per ton) and Indonesia ($X per ton), while the price for Guinea ($X per ton) and Mozambique ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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