11/30/2023 0 Comments Midtown global market cashew brittle![]() ![]() The generally positive trend in terms output was largely conditioned by moderate growth of the harvested area and a pronounced expansion in yield figures. Global production peaked in 2019 and is likely to see steady growth in the near future. The total output volume increased at an average annual rate of +4.3% over the period from 2013 to 2019 however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. In 2019, global cashew nut production amounted to 5.4M tonnes, picking up by 4.4% compared with the previous year. The market is forecast to expand with an anticipated CAGR of +1.3% for the period from 2019 to 2030, which is projected to bring the market volume to 6.2M tonnes by the end of 2030. Afterward, the start of gradual market growth is expected as the global economy recovers from the effects of the pandemic. Taking into account the closure of the HoReCa sector worldwide due to the pandemic, a decrease in consumer incomes and possible disruptions in the work of international supply chains, global cashew nut consumption is expected to stagnate in 2020. In 2019, the highest levels of cashew nut per capita consumption was registered in Guinea-Bissau (81 kg per person), followed by Viet Nam (23 kg per person), Benin (13 kg per person) and Mali (9.83 kg per person), while the world average per capita consumption of cashew nut was estimated at 0.69 kg per person. The second position in the ranking was occupied by India ($3.3B). In value terms, Viet Nam ($8.2B) led the market, alone. Thus, Viet Nam ($772M) and India ($1.1B) constituted the largest raw cashew nut importers in 2019, together comprising 96% of total import. Afterward, they process the nuts and then supply the global market with shelled cashew nuts, both roasted and unroasted.įrom 2013 to 2019, the most notable rate of growth in terms of cashew nut consumption, amongst the main consuming countries, was attained by Mali, while cashew nut consumption for the other global leaders experienced more modest paces of growth. They do not only grow the nuts at their own but also source raw cashew nuts from producing countries in Africa and other countries. Viet Nam and India constitute the two global centers of cashew nut processing. Mali, Guinea-Bissau, Benin, Brazil, Cote d’Ivoire, Mozambique and Indonesia lagged somewhat behind, together comprising a further 18%. The countries with the highest volumes of cashew nut consumption in 2019 were Viet Nam (2.2M tonnes), India (1.5M tonnes) and the Philippines (243K tonnes), together accounting for 74% of global consumption. Over the period under review, the global market hit record highs in 2019 and is likely to continue growing in the medium term. The market value increased at an average annual rate of +4.1% over the period from 2013 to 2019 the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. in-shell) cashew nut (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). This figure reflects the total revenues of producers and importers of raw (e.g. ![]() The global cashew nut market expanded significantly to $14.9B in 2019, growing by 5.6% against the previous year. ![]() Here is a summary of the report’s key findings. IndexBox has just published a new report: ‘World – Cashew Nuts – Market Analysis, Forecast, Size, Trends and Insights’. Ghana (236K tonnes) held a 15% share of total exports. The average cashew nut export price stood at $1,246 per tonne in 2019, which is down by -13.7%. ![]()
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