Report Update Nov 1, 2024

Bangladesh - Cashew Nuts - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Cashew Nut Market 2024

Cashew Nut Market Size in Bangladesh

The Bangladeshi cashew nut market soared to $X in 2021, jumping by 115% against the previous year. In general, consumption, however, continues to indicate a mild reduction. 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 Bangladesh

In value terms, cashew nut production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 31% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Cashew Nut Exports

Exports from Bangladesh

In 2021, approx. X tons of cashew nuts were exported from Bangladesh; falling by -55% compared with the previous year's figure. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 491%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cashew nut exports shrank significantly to $X in 2021. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2019 when exports increased by 381% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) and India (X tons) were the main destinations of cashew nut exports from Bangladesh.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +49.1%).

In value terms, Vietnam ($X) remains the key foreign market for cashew nut exports from Bangladesh, comprising 75% of total exports. The second position in the ranking was held by India ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam stood at +32.9%.

Export Prices by Country

In 2021, the average cashew nut export price amounted to $X per ton, surging by 36% against the previous year. In general, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; afterwards, it flattened through to 2021.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+8.8%).

Cashew Nut Imports

Imports into Bangladesh

After four years of growth, purchases abroad of cashew nuts decreased by -35.9% to X tons in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 311%. Imports peaked at X tons in 2020, and then reduced notably in the following year.

In value terms, cashew nut imports shrank remarkably to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 284%. Over the period under review, imports attained the maximum at $X in 2020, and then declined notably in the following year.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest supplier of cashew nut to Bangladesh, with a 85% share of total imports. Moreover, cashew nut imports from Indonesia exceeded the figures recorded by the second-largest supplier, Cambodia (X tons), ninefold. Singapore (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia stood at +41.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Cambodia (+75.9% per year) and Singapore (-16.4% per year).

In value terms, Indonesia ($X) constituted the largest supplier of cashew nut to Bangladesh, comprising 74% of total imports. The second position in the ranking was held by Singapore ($X), with a 13% share of total imports. It was followed by the United Arab Emirates, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia amounted to +36.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+5.0% per year) and the United Arab Emirates (+3.0% per year).

Import Prices by Country

The average cashew nut import price stood at $X per ton in 2021, surging by 4.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 22% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+30.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cashew nuts in the world?

Vietnam remains the largest cashew nut consuming country worldwide, comprising approx. 41% of total volume. Moreover, cashew nut consumption in Vietnam exceeded the figures recorded by the second-largest consumer, India, twofold. Burundi ranked third in terms of total consumption with a 6.7% share.

What are the largest producers of cashew nuts in the world?

The countries with the highest volumes of cashew nut production in 2021 were India, Cote d'Ivoire and Vietnam, with a combined 39% share of global production. Ghana, Burundi, Tanzania, the Philippines, Nigeria, Mali, Benin, Guinea-Bissau, Burkina Faso and Brazil lagged somewhat behind, together comprising a further 46%.

What are the leading suppliers of cashew nuts to Bangladesh?

In value terms, Indonesia constituted the largest supplier of cashew nut to Bangladesh, comprising 83% of total imports. The second position in the ranking was occupied by Thailand $242), with a 0.3% share of total imports.

What are the leading importers of cashew nuts from Bangladesh?

In value terms, Vietnam remains the key foreign market for cashew nut exports from Bangladesh, comprising 70% of total exports. The second position in the ranking was occupied by India, with a 30% share of total exports.

What is the average export price for cashew nuts in Bangladesh?

In 2021, the average cashew nut export price amounted to $1,017 per ton, rising by 8% against the previous year.

What is the average import price for cashew nuts in Bangladesh?

In 2021, the average cashew nut import price amounted to $2,130 per ton, shrinking by -13% against the previous year.

This report provides an in-depth analysis of the cashew nut market in Bangladesh. 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:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023