Southern Asia: Cashew Nut Market 2025

Cashew Nut Market Size in Southern Asia

The South Asian cashew nut market totaled $X in 2021, remaining stable against the previous year. The total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.1% 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 +1.2% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Cashew Nut Production in Southern Asia

In value terms, cashew nut production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production, however, posted resilient growth. The pace of growth was the most pronounced in 2014 with an increase of 39% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

India (X tons) constituted the country with the largest volume of cashew nut production, comprising approx. 96% of total volume. Moreover, cashew nut production in India exceeded the figures recorded by the second-largest producer, Sri Lanka (X tons), more than tenfold.

In India, cashew nut production remained relatively stable over the period from 2012-2021.

The average cashew nut yield contracted modestly to X kg per ha in 2021, remaining constant against the year before. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 17% against the previous year. The level of yield peaked at X kg per ha in 2018; however, from 2019 to 2021, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the cashew nut harvested area in Southern Asia shrank to X ha, remaining stable against the previous year. The harvested area increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 8%. Over the period under review, the harvested area dedicated to cashew nut production attained the maximum at X ha in 2020, and then dropped slightly in the following year.

Cashew Nut Exports

Exports in Southern Asia

In 2021, the amount of cashew nuts exported in Southern Asia skyrocketed to X tons, picking up by 69% compared with the year before. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 269% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, cashew nut exports surged to $X in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 420% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

India (X tons) represented roughly 99% of total exports in 2021.

India was also the fastest-growing in terms of the cashew nuts exports, with a CAGR of +23.9% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest cashew nut supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India stood at +26.3%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, declining by -1.7% against the previous year. Export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cashew nut export price increased by +2.1% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 41%. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +1.9% per year.

Cashew Nut Imports

Imports in Southern Asia

In 2021, cashew nut imports in Southern Asia contracted to X tons, therefore, remained relatively stable against the year before. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 24% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, cashew nut imports stood at $X in 2021. Total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the one major importers of cashew nuts, namely India, represented more than two-thirds of total import.

India experienced a relatively flat trend pattern with regard to volume of imports of cashew nuts. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported cashew nuts in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled +2.2%.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, surging by 3.5% against the previous year. Import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cashew nut import price decreased by -37.4% against 2017 indices. The pace of growth appeared the most rapid in 2017 an increase of 27% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +1.5% per year.

Source: IndexBox Platform

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