Australia and Oceania: Cashew Nut Market 2025

Cashew Nut Market Size in Australia and Oceania

In 2021, the cashew nut market in Australia and Oceania decreased by -0.6% to $X, falling for the third consecutive year after three years of growth. In general, consumption posted prominent growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Cashew Nut Production in Australia and Oceania

In value terms, cashew nut production dropped notably to $X in 2021 estimated in export price. In general, production saw a pronounced curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 2,965% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

The country with the largest volume of cashew nut production was Australia (X tons), comprising approx. 98% of total volume. It was followed by New Zealand (X tons), with a 1.6% share of total production.

From 2012 to 2021, the average annual growth rate of volume in Australia totaled +2.9%.

Cashew Nut Exports

Exports in Australia and Oceania

In 2021, shipments abroad of cashew nuts decreased by -48.8% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports faced a abrupt contraction. The growth pace was the most rapid in 2020 when exports increased by 468% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, cashew nut exports declined dramatically to $X in 2021. Over the period under review, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 402% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Australia prevails in exports structure, recording X tons, which was approx. 98% of total exports in 2021. New Zealand (X kg) followed a long way behind the leaders.

Exports from Australia decreased at an average annual rate of -4.4% from 2012 to 2021. At the same time, New Zealand (+29.4%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +29.4% from 2012-2021. From 2012 to 2021, the share of Australia and New Zealand increased by +50 and +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest cashew nut supplier in Australia and Oceania, comprising 85% of total exports. The second position in the ranking was held by New Zealand ($X), with a 15% share of total exports.

In Australia, cashew nut exports declined by an average annual rate of -9.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, increasing by 24% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by 64% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-1.8%).

Cashew Nut Imports

Imports in Australia and Oceania

In 2021, overseas purchases of cashew nuts decreased by -17.1% to X tons, falling for the third year in a row after three years of growth. Over the period under review, imports showed a dramatic contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 11,221% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cashew nut imports contracted to $X in 2021. In general, imports recorded a significant curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 5,992% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Australia (X tons) represented the key importer of cashew nuts, constituting 65% of total imports. It was distantly followed by Micronesia (X tons), New Zealand (X tons), Papua New Guinea (X tons) and Fiji (X tons), together creating a 30% share of total imports. The following importers - French Polynesia (X kg) and Marshall Islands (X kg) - each resulted at a 3.7% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to cashew nut imports into Australia stood at +5.8%. At the same time, French Polynesia (+41.9%), Marshall Islands (+17.2%) and Papua New Guinea (+12.1%) displayed positive paces of growth. Moreover, French Polynesia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +41.9% from 2012-2021. By contrast, Fiji (-6.1%), New Zealand (-10.3%) and Micronesia (-14.2%) illustrated a downward trend over the same period. Australia (+64 p.p.), Micronesia (+11 p.p.), New Zealand (+7 p.p.), Papua New Guinea (+6.1 p.p.), Fiji (+4.8 p.p.), French Polynesia (+1.9 p.p.) and Marshall Islands (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported cashew nuts in Australia and Oceania, comprising 63% of total imports. The second position in the ranking was taken by Papua New Guinea ($X), with a 12% share of total imports. It was followed by New Zealand, with a 7.5% share.

In Australia, cashew nut imports expanded at an average annual rate of +1.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Papua New Guinea (+10.7% per year) and New Zealand (-11.8% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, picking up by 5.6% against the previous year. Import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cashew nut import price decreased by -11.8% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 63%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was French Polynesia ($X per ton), while Micronesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by French Polynesia (+14.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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