Report Update Nov 1, 2024

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

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Kuwait: Cashew Nut Market 2024

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

Frequently Asked Questions (FAQ) :

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

Vietnam constituted the country with the largest volume of cashew nut consumption, 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. These countries were followed by Ghana, Burundi, Tanzania, the Philippines, Nigeria, Mali, Benin, Guinea-Bissau, Burkina Faso and Brazil, which together accounted for a further 46%.

What are the leading suppliers of cashew nuts to Kuwait?

In value terms, the United States constituted the largest supplier of cashew nut to Kuwait, comprising 55% of total imports. The second position in the ranking was occupied by Chile, with an 18% share of total imports. It was followed by India, with a 12% share.

What are the leading importers of cashew nuts from Kuwait?

In value terms, the United Arab Emirates remains the key foreign market for cashew nut exports from Kuwait, comprising 89% of total exports. The second position in the ranking was occupied by Bahrain, with a 6.8% share of total exports.

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

The average cashew nut export price stood at $13,232 per ton in 2021, waning by -22% against the previous year.

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

The average cashew nut import price stood at $5,287 per ton in 2021, which is down by -11.3% against the previous year.

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

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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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
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How to outsource production to other countries
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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