Tanzania: Cashew Nut Market 2024

Cashew Nut Market Size in Tanzania

In 2022, after three years of decline, there was significant growth in the Tanzanian cashew nut market, when its value increased by X% to $X. Overall, consumption continues to indicate strong growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Cashew Nut Production in Tanzania

In value terms, cashew nut production shrank to $X in 2022 estimated in export price. In general, production recorded a pronounced expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The average yield of cashew nuts in Tanzania surged to X kg per ha in 2022, with an increase of X% on the year before. Over the period under review, the yield showed slight growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The cashew nut yield peaked at X kg per ha in 2017; however, from 2018 to 2022, the yield failed to regain momentum. 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 Tanzania rose notably to X ha, surging by X% on the previous year. Over the period under review, the harvested area continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the harvested area reached the peak level of X ha. From 2019 to 2022, the growth of the cashew nut harvested area remained at a somewhat lower figure.

Cashew Nut Exports

Exports from Tanzania

In 2022, the amount of cashew nuts exported from Tanzania surged to X tons, rising by X% on 2021. In general, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, cashew nut exports surged to $X in 2022. Over the period under review, exports continue to indicate noticeable growth. The pace of growth was the most pronounced in 2019 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons), India (X tons) and Democratic Republic of the Congo (X tons) were the main destinations of cashew nut exports from Tanzania, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), India ($X) and Democratic Republic of the Congo ($X) constituted the largest markets for cashew nut exported from Tanzania worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of X%, 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 2022, shrinking by X% against the previous year. In general, the export price recorded a slight shrinkage. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Hong Kong SAR ($X per ton) and Democratic Republic of the Congo ($X per ton), while the average price for exports to Vietnam ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cashew Nut Imports

Imports into Tanzania

In 2022, imports of cashew nuts into Tanzania contracted sharply to X tons, which is down by X% compared with the previous year. Over the period under review, imports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped rapidly in the following year.

In value terms, cashew nut imports contracted significantly to $X in 2022. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), India (X kg) and South Africa (X kg) were the main suppliers of cashew nut imports to Tanzania.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, India ($X) constituted the largest supplier of cashew nuts to Tanzania, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2022, the average cashew nut import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, faced a precipitous descent. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Source: IndexBox Platform

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