Belize: Cashew Nut Market 2020

Cashew Nut Market Size in Belize

The revenue of the cashew nut market in Belize amounted to $X in 2018, falling by -X% against the previous year. Over the period under review, cashew nut consumption continues to indicate a sharp drop. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Belize cashew nut consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Cashew Nut Production in Belize

In value terms, cashew nut production stood at $X in 2018 estimated in export prices. In general, cashew nut production continues to indicate an abrupt contraction. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. In that year, cashew nut production attained its peak level of $X. From 2012 to 2018, cashew nut production growth remained at a lower figure.

In 2018, the average yield of cashew nuts in Belize amounted to X kg per ha, leveling off at the previous year. Overall, the cashew nut yield continues to indicate a deep slump. The pace of growth was the most pronounced in 2012 when yield increased by X% y-o-y. The global cashew nut yield peaked at X kg per ha in 2013; however, from 2014 to 2018, yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Cashew nut harvested area in Belize stood at X ha in 2018, dropping by -X% against the previous year. In general, the cashew nut harvested area continues to indicate a deep contraction. The pace of growth was the most pronounced in 2016 when harvested area decreased by -X% y-o-y. The global cashew nut harvested area peaked at X ha in 2007; however, from 2008 to 2018, harvested area stood at a somewhat lower figure.

Cashew Nut Exports

Exports by Country

In 2018, Tanzania (X tons), Ghana (X tons), Cote d'Ivoire (X tons), Benin (X tons), Guinea-Bissau (X tons), Nigeria (X tons), Indonesia (X tons), Burkina Faso (X tons), Guinea (X tons), Togo (X tons), Senegal (X tons) and Mozambique (X tons) represented the main exporters of cashew nuts in the world, creating X% of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Ghana, while the other leaders experienced more modest paces of growth.

In value terms, the largest cashew nut markets from Belize were Tanzania ($X), Ghana ($X) and Cote d'Ivoire ($X), with a combined X% share of total exports.

Tanzania experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the cashew nut export price in Belize amounted to $X per ton, stabilizing at the previous year. In general, the cashew nut export price continues to indicate a relatively flat trend pattern. Belize export price peaked at $X per ton in 2011; however, from 2012 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Guinea-Bissau ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Guinea-Bissau, while the other leaders experienced more modest paces of growth.

Cashew Nut Imports

Imports into Belize

In 2018, approx. X kg of cashew nuts were imported into Belize; dropping by -X% against the previous year. Over the period under review, cashew nut imports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2008 when imports decreased by -X% y-o-y. Belize imports peaked at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, cashew nut imports amounted to $X in 2018. In general, cashew nut imports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2008 when imports decreased by -X% against the previous year. Over the period under review, cashew nut imports attained their maximum at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, India (X tons) represented the major importer of cashew nuts, creating X% of total imports. It was distantly followed by Vietnam (X tons), making up a X% share of total imports. Brazil (X tons) held a minor share of total imports.

Imports into India increased at an average annual rate of +X% from 2007 to 2018. At the same time, Vietnam (+X%) and Brazil (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. India (+X p.p.) and Vietnam (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported cashew nuts into Belize, comprising X% of global imports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of global imports. It was followed by Brazil, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in India totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Brazil (+X% per year).

Import Prices by Country

In 2018, the cashew nut import price in Belize amounted to $X per ton, approximately mirroring the previous year. Overall, the cashew nut import price continues to indicate a sharp curtailment. The pace of growth was the most pronounced in 2017 an increase of X% year-to-year. Belize import price peaked at $X per ton in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

Average prices varied somewhat amongst the major importing countries. In 2018, the country with the highest price was India ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform