Cashew Market Report, 26.06.2023
Global Production
Global cashew production has risen steadily over the past decade, peaking in 2022/23 at 1,095,030 MT (kernel basis) or 5 million tons of raw cashew nuts (RCN).
Côte d'Ivoire remained the world's and western Africa's largest producing country, with a crop of 247,000/1.2 million MT (kernel basis /RCN).
India produced 162,000/675,000 MT, followed by Cambodia with 138,000/670,000 MT, respectively.
Tanzania is the top producer in Eastern Africa, with a crop of 44,000/200,000 MT.
Exports
Vietnam was the leading exporter of cashew kernels in 2021 (January – December), accounting for 65% of global exports.
The USA, the EU and the UK, and China were its top markets, accounting for 36%, 30% and 6% of the country's exports, respectively.
India's main markets were ASIA (59% led by the UAE, Japan and Saudia Arabia) and the EU and the UK (34%).
Imports
Of the 1.4 million metric tons of raw cashew nuts (in-shell) that were shipped in 2021, India imported 879,670 MT, the majority of which came from Western Africa (82%) and Eastern Africa (9%).
Vietnam imported 346,644 MT, with Western and eastern Africa accounting for 48% and 30% of the share, respectively.
