Report Update Nov 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Turkey: Cashew Nut Market 2024

Cashew Nut Market Size in Turkey

In 2021, the Turkish cashew nut market increased by 79% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a abrupt downturn. Cashew nut consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Cashew Nut Production in Turkey

In value terms, cashew nut production contracted notably to $X in 2021 estimated in export price. In general, production continues to indicate a significant decline. Cashew nut production peaked at $X in 2020, and then dropped notably in the following year.

Cashew Nut Exports

Exports from Turkey

In 2021, shipments abroad of cashew nuts decreased by -45.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2019 when exports increased by 47%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, cashew nut exports contracted significantly to $X in 2021. Overall, exports saw a deep setback. The growth pace was the most rapid in 2020 when exports increased by 56%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Estonia (X tons) was the main destination for cashew nut exports from Turkey, accounting for a 46% share of total exports. Moreover, cashew nut exports to Estonia exceeded the volume sent to the second major destination, the United States (X kg), threefold. The third position in this ranking was held by Syrian Arab Republic (X kg), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Estonia totaled +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-12.7% per year) and Syrian Arab Republic (0.0% per year).

In value terms, the United States ($X), Estonia ($X) and Syrian Arab Republic ($X) were the largest markets for cashew nut exported from Turkey worldwide, together comprising 70% of total exports. These countries were followed by Bahrain, Qatar, Kuwait, Poland and Tanzania, which together accounted for a further 10%.

Among the main countries of destination, Bahrain, with a CAGR of +25.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cashew nut export price stood at $X per ton in 2021, with an increase of 23% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 43%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Tanzania ($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 Bahrain (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cashew Nut Imports

Imports into Turkey

In 2021, after six years of decline, there was significant growth in overseas purchases of cashew nuts, when their volume increased by 1,070% to X tons. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 1,278% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cashew nut imports surged to $X in 2021. In general, imports, however, recorded a deep reduction. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Guinea (X tons), Benin (X tons) and Nigeria (X tons) were the main suppliers of cashew nut imports to Turkey, with a combined 86% share of total imports.

From 2012 to 2021, the biggest increases were in Guinea (with a CAGR of +18.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Benin ($X), Nigeria ($X) and Tanzania ($X) were the largest cashew nut suppliers to Turkey, together accounting for 77% of total imports.

Benin, with a CAGR of +17.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average cashew nut import price stood at $X per ton in 2021, reducing by -17.5% against the previous year. Overall, the import price recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2019 when the average import price increased by 34%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per ton), while the price for Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+30.5%), 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, together comprising 39% of global production. Ghana, Burundi, Tanzania, the Philippines, Nigeria, Mali, Benin, Guinea-Bissau, Burkina Faso and Brazil lagged somewhat behind, together comprising a further 46%.

What are the leading suppliers of cashew nuts to Turkey?

In value terms, the largest cashew nut suppliers to Turkey were Tanzania and Benin.

What are the leading importers of cashew nuts from Turkey?

It was followed by Montenegro, with an 11% share.

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

The average cashew nut export price stood at $6,395 per ton in 2021, waning by -43.6% against the previous year.

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

The average cashew nut import price stood at $5,637 per ton in 2021, with a decrease of -3.8% against the previous year.

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

Turkey

Data coverage:

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

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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