Guinea-Bissau: Cashew Nut Market 2020

Cashew Nut Market Size in Guinea-Bissau

The revenue of the cashew nut market in Guinea-Bissau amounted to $X in 2018, increasing by X% against the previous year. In general, cashew nut consumption continues to indicate a skyrocketing increase. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, the cashew nut market reached its maximum level in 2018 and is likely to continue its growth in the near future.

Cashew Nut Production in Guinea-Bissau

In value terms, cashew nut production amounted to $X in 2018 estimated in export prices. Overall, cashew nut production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Guinea-Bissau cashew nut production peaked in 2018 and is expected to retain its growth in the near future.

Average yield of cashew nuts in Guinea-Bissau stood at X kg per ha in 2018, rising by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2009 when yield increased by X% year-to-year. The global cashew nut yield peaked in 2018 and is likely to continue its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of cashew nuts were harvested in Guinea-Bissau; picking up by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2013 when harvested area increased by X% year-to-year. The global cashew nut harvested area peaked at X ha in 2014; however, from 2015 to 2018, harvested area remained at a lower figure.

Cashew Nut Exports

Exports from Guinea-Bissau

Cashew nut exports from Guinea-Bissau stood at X tons in 2018, declining by -X% against the previous year. Over the period under review, cashew nut exports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Guinea-Bissau exports peaked at X tons in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

In value terms, cashew nut exports stood at $X in 2018. In general, cashew nut exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Guinea-Bissau exports peaked at $X in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The exports of the four major exporters of cashew nuts, namely Tanzania, Ghana, Cote d'Ivoire and Benin, represented more than two-thirds of total export. It was distantly followed by Nigeria (X tons), generating a X% share of total exports. Indonesia (X tons) and Burkina Faso (X tons) followed a long way behind the leaders.

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, Tanzania ($X), Ghana ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

In terms of the main exporting countries, Tanzania experienced the highest rates of growth with regard to exports, 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 Guinea-Bissau amounted to $X per ton, jumping by X% against the previous year. Overall, the cashew nut export price continues to indicate strong growth. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. Over the period under review, the export prices for cashew nuts attained their peak figure in 2018 and is expected to retain its growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in Indonesia ($X per ton) and Benin ($X per ton), while Tanzania ($X per ton) and Ghana ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire, while the other leaders experienced more modest paces of growth.

Cashew Nut Imports

Imports into Guinea-Bissau

Cashew nut imports into Guinea-Bissau amounted to X tons in 2018, rising by X% against the previous year. Over the period under review, cashew nut imports, however, continue to indicate a drastic reduction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, cashew nut imports reached their maximum 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. Overall, cashew nut imports, however, continue to indicate a skyrocketing increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% year-to-year. Over the period under review, cashew nut imports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, India (X tons) was the key importer of cashew nuts, generating X% of total imports. It was distantly followed by Vietnam (X tons), creating a X% share of total imports. Brazil (X tons) followed a long way behind the leaders.

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. While the share of India (+X p.p.) and Vietnam (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported cashew nuts into Guinea-Bissau, comprising X% of global imports. The second position in the ranking was occupied by Vietnam ($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 stood at +X%. In the other countries, the average annual rates were as follows: Vietnam (+X% per year) and Brazil (+X% per year).

Import Prices by Country

In 2018, the cashew nut import price in Guinea-Bissau amounted to $X per ton, flattening at the previous year. Over the period under review, the cashew nut import price, however, continues to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2009 when the import price increased by X% against the previous year. Over the period under review, the import prices for cashew nuts reached their peak figure at $X per ton in 2015; however, from 2016 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