Kuwait: Cashew Nut Market 2025

Cashew Nut Market Size in Kuwait

The Kuwaiti cashew nut market dropped sharply to $X in 2021, declining by -81% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Cashew Nut Exports

Exports from Kuwait

In 2021, overseas shipments of cashew nuts decreased by 99.9% to X kg, falling for the second consecutive year after three years of growth. Overall, exports showed a precipitous contraction. The pace of growth was the most pronounced in 2014 with an increase of 572%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, cashew nut exports contracted remarkably to $X in 2021. Over the period under review, exports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 702% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for cashew nut exports from Kuwait, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at -55.1%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for cashew nut exports from Kuwait, comprising 89% of total exports. The second position in the ranking was held by India ($X), with a 5.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled -59.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-73.0% per year) and Bahrain (-62.2% per year).

Export Prices by Country

In 2021, the average cashew nut export price amounted to $X per ton, growing by 26% against the previous year. Overall, the export price enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 an increase of 57%. The export price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat for the major export markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+9.1%), while the prices for the other major destinations experienced mixed trend patterns.

Cashew Nut Imports

Imports into Kuwait

In 2021, cashew nut imports into Kuwait plummeted to X tons, with a decrease of -77.3% against the previous year's figure. Over the period under review, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 150%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, cashew nut imports contracted notably to $X in 2021. Overall, imports saw a deep contraction. The pace of growth was the most pronounced in 2015 when imports increased by 232% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of cashew nut to Kuwait, with a 51% share of total imports. Moreover, cashew nut imports from the United States exceeded the figures recorded by the second-largest supplier, Tanzania (X tons), threefold. The third position in this ranking was held by Chile (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (-5.0% per year) and Chile (-24.5% per year).

In value terms, the United States ($X) constituted the largest supplier of cashew nut to Kuwait, comprising 47% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 22% share of total imports. It was followed by Chile, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (-8.1% per year) and Chile (-19.1% per year).

Import Prices by Country

In 2021, the average cashew nut import price amounted to $X per ton, with a decrease of -30.8% against the previous year. In general, import price indicated measured growth from 2012 to 2021: its price 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. The most prominent rate of growth was recorded in 2013 an increase of 51% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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