China: Cashew Nut Market 2024

Cashew Nut Market Size in China

In 2022, the Chinese cashew nut market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, recorded a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Cashew Nut Production in China

In value terms, cashew nut production dropped modestly to $X in 2022 estimated in export price. In general, production recorded a tangible expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

In 2022, the average yield of cashew nuts in China dropped modestly to X tons per ha, remaining constant against the previous year. Overall, the yield saw a perceptible reduction. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the average cashew nut yield hit record highs at X tons per ha in 2013; however, from 2014 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cashew nuts production in China totaled X ha, therefore, remained relatively stable against 2021. Over the period under review, the harvested area, however, showed a slight decrease. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the harvested area dedicated to cashew nut production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

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Cashew Nut Exports

Exports from China

Cashew nut exports from China contracted modestly to X kg in 2022, approximately mirroring the previous year's figure. Overall, exports, however, recorded a perceptible expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, cashew nut exports rose significantly to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Macao SAR (X kg) was the main destination for cashew nut exports from China, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Macao SAR stood at X%.

In value terms, Macao SAR ($X) also remains the key foreign market for cashew nuts exports from China.

From 2012 to 2022, the average annual rate of growth in terms of value to Macao SAR stood at X%.

Export Prices by Country

The average cashew nut export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price saw buoyant growth. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to X% per year.

Cashew Nut Imports

Imports into China

In 2022, supplies from abroad of cashew nuts decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cashew nut imports declined to $X in 2022. In general, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Togo (X tons) was the main supplier of cashew nut to China, accounting for a X% share of total imports. Moreover, cashew nut imports from Togo exceeded the figures recorded by the second-largest supplier, Nigeria (X tons), more than tenfold. The third position in this ranking was taken by Tanzania (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Togo stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Tanzania (X% per year).

In value terms, Togo ($X) constituted the largest supplier of cashew nuts to China, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total imports. It was followed by Cambodia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Togo totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Cambodia (X% per year).

Import Prices by Country

In 2022, the average cashew nut import price amounted to $X per ton, surging by X% against the previous year. In general, the import price posted a perceptible increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cambodia ($X per ton), while the price for Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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