MERCOSUR: Cashew Nut Market 2024

Cashew Nut Market Size in MERCOSUR

In 2022, the MERCOSUR cashew nut market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Cashew Nut Production in MERCOSUR

In value terms, cashew nut production reduced to $X in 2022 estimated in export price. In general, production recorded notable growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

The country with the largest volume of cashew nut production was Brazil (X tons), accounting for X% of total volume. It was followed by Peru (X tons), with a X% share of total production.

From 2012 to 2022, the average annual rate of growth in terms of volume in Brazil stood at X%.

The average cashew nut yield rose markedly to X kg per ha in 2022, with an increase of X% compared with 2021. Over the period under review, the yield posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the cashew nut yield reached the maximum level at X kg per ha in 2020; however, from 2021 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.

The cashew nut harvested area reduced slightly to X ha in 2022, remaining constant against 2021. In general, the harvested area continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Cashew Nut Exports

Exports in MERCOSUR

In 2022, the amount of cashew nuts exported in MERCOSUR dropped notably to X tons, with a decrease of X% on the previous year's figure. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped rapidly in the following year.

In value terms, cashew nut exports fell remarkably to $X in 2022. Overall, exports faced a abrupt descent. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia represented the main exporter of cashew nuts in MERCOSUR, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Venezuela (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Chile (X%) and Brazil (X%).

From 2012 to 2022, average annual rates of growth with regard to cashew nut exports from Colombia stood at X%. Venezuela experienced a relatively flat trend pattern. Chile (X%) and Brazil (X%) illustrated a downward trend over the same period. While the share of Colombia (X p.p.) and Venezuela (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Chile (X p.p.) and Brazil (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest cashew nut supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

In Brazil, cashew nut exports declined by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (X% per year) and Chile (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Cashew Nut Imports

Imports in MERCOSUR

In 2022, purchases abroad of cashew nuts increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, faced a abrupt shrinkage. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cashew nut imports skyrocketed to $X in 2022. Overall, imports, however, recorded a deep contraction. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tons) represented roughly X% of total imports in 2022.

Brazil was also the fastest-growing in terms of the cashew nuts imports, with a CAGR of X% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported cashew nuts in MERCOSUR.

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

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, dropping by X% against the previous year. In general, the import price, however, posted a notable expansion. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The level of import peaked at $X per ton in 2021, and then reduced rapidly in the following year.

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

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

Source: IndexBox Platform

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