India: Cashew Nut Market 2025

Cashew Nut Market Size in India

The Indian cashew nut market was estimated at $X in 2021, therefore, remained relatively stable against the previous year. Overall, the total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +1.7% against 2019 indices. Cashew nut consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Cashew Nut Production in India

In value terms, cashew nut production contracted slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +4.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 41%. Cashew nut production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

The average yield of cashew nuts in India contracted modestly to X kg per ha in 2021, remaining constant against the year before. Overall, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 18%. The cashew nut yield peaked at X kg per ha in 2018; however, from 2019 to 2021, 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 2021, the harvested area of cashew nuts in India fell slightly to X ha, therefore, remained relatively stable against the previous year's figure. The harvested area increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 8.6%. The cashew nut harvested area peaked at X ha in 2020, and then dropped slightly in the following year.

Cashew Nut Exports

Exports from India

In 2021, approx. X tons of cashew nuts were exported from India; picking up by 71% compared with 2020. Overall, exports saw a significant increase. The growth pace was the most rapid in 2014 when exports increased by 269% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, cashew nut exports soared to $X in 2021. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 420%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Vietnam (X tons) was the main destination for cashew nut exports from India, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Vietnam stood at +24.8%.

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

From 2012 to 2021, the average annual growth rate of value to Vietnam amounted to +28.0%.

Export Prices by Country

In 2021, the average cashew nut export price amounted to $X per ton, which is down by -2.5% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% 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 export price increased by +1.8% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Vietnam.

From 2012 to 2021, the rate of growth in terms of prices for Vietnam amounted to +2.6% per year.

Cashew Nut Imports

Imports into India

In 2021, cashew nut imports into India contracted modestly to X tons, therefore, remained relatively stable against the year before. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 24% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, cashew nut imports rose to $X in 2021. Overall, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 28%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Benin (X tons), Ghana (X tons) and Cote d'Ivoire (X tons) were the main suppliers of cashew nut imports to India, with a combined 53% share of total imports. These countries were followed by Guinea-Bissau, Tanzania, Guinea, Senegal, Nigeria, Togo, Burkina Faso, Gambia, Indonesia and Mozambique, which together accounted for a further 44%.

From 2012 to 2021, the biggest increases were in Togo (with a CAGR of +26.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cashew nut suppliers to India were Benin ($X), Ghana ($X) and Guinea-Bissau ($X), together accounting for 53% of total imports. Cote d'Ivoire, Tanzania, Senegal, Guinea, Nigeria, Togo, Gambia, Burkina Faso, Indonesia and Mozambique lagged somewhat behind, together comprising a further 44%.

Among the main suppliers, Togo, with a CAGR of +29.1%, saw the highest growth rate of the value of imports, 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 2021, growing by 3.7% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.5% 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 -37.7% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 27%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Indonesia ($X per ton), while the price for Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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