Cashew Nut Market Size in Indonesia
In 2020, the Indonesian cashew nut market increased by X% to $X for the first time since 2017, thus ending a two-year declining trend. Overall, consumption saw mild growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Cashew nut consumption peaked at $X in 2017; however, from 2018 to 2020, consumption failed to regain the momentum.
Cashew Nut Production in Indonesia
In value terms, cashew nut production expanded to $X in 2020 estimated in export prices. In general, production posted notable growth. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2020, production stood at a somewhat lower figure.
The average yield of cashew nuts in Indonesia amounted to X kg per ha in 2020, remaining stable against 2019. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the yield increased by X% y-o-y. The cashew nut yield peaked at X kg per ha in 2018; however, from 2019 to 2020, the yield failed to regain the momentum. 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 in Indonesia fell slightly to X ha in 2020, approximately equating 2019 figures. Overall, the harvested area saw a slight decline. The growth pace was the most rapid in 2018 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to cashew nut production attained the maximum at X ha in 2012; however, from 2013 to 2020, the harvested area stood at a somewhat lower figure.
Cashew Nut Exports
Exports from Indonesia
In 2020, overseas shipments of cashew nuts increased by X% to X tonnes, rising for the third consecutive year after two years of decline. Overall, total exports indicated a slight expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2015 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. From 2016 to 2020, the growth exports remained at a somewhat lower figure.
In value terms, cashew nut exports expanded notably to $X in 2020. In general, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Exports peaked in 2020 and are expected to retain growth in the near future.
Exports by Country
Viet Nam (X tonnes) was the main destination for cashew nut exports from Indonesia, with a X% share of total exports. Moreover, cashew nut exports to Viet Nam exceeded the volume sent to the second major destination, India (X tonnes), threefold.
From 2007 to 2020, the average annual rate of growth in terms of volume to Viet Nam amounted to +X%.
In value terms, Viet Nam ($X) remains the key foreign market for cashew nut exports from Indonesia, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports.
From 2007 to 2020, the average annual growth rate of value to Viet Nam totaled +X%.
Export Prices by Country
The average cashew nut export price stood at $X per tonne in 2020, rising by X% against the previous year. In general, export price indicated a prominent expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, cashew nut export price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. The export price peaked at $X per tonne in 2017; however, from 2018 to 2020, export prices failed to regain the momentum.
Average prices varied noticeably for the major export markets. In 2020, the country with the highest price was India ($X per tonne), while the average price for exports to Viet Nam stood at $X per tonne.
From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to India.
Cashew Nut Imports
Imports into Indonesia
In 2020, after six years of growth, there was significant decline in purchases abroad of cashew nuts, when their volume decreased by -X% to X tonnes. Over the period under review, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. Imports peaked at X tonnes in 2019, and then fell in the following year.
In value terms, cashew nut imports amounted to $X in 2020. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Imports peaked in 2020 and are likely to continue growth in the immediate term.
Imports by Country
In 2020, Cote d’Ivoire (X tonnes) was the main cashew nut supplier to Indonesia, with a X% share of total imports. Moreover, cashew nut imports from Cote d’Ivoire exceeded the figures recorded by the second-largest supplier, Benin (X tonnes), more than tenfold.
From 2007 to 2020, the average annual rate of growth in terms of volume from Cote d’Ivoire totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Benin (+X% per year) and Nigeria (+X% per year).
In value terms, Cote d’Ivoire ($X) constituted the largest supplier of cashew nut to Indonesia, comprising X% of total imports. The second position in the ranking was occupied by Nigeria ($X), with a X% share of total imports.
From 2007 to 2020, the average annual rate of growth in terms of value from Cote d’Ivoire stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nigeria (+X% per year) and Benin (-X% per year).
Import Prices by Country
In 2020, the average cashew nut import price amounted to $X per tonne, growing by X% against the previous year. Overall, import price indicated a strong increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, cashew nut import price increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the maximum in 2020 and is expected to retain growth in the immediate term.
Prices varied noticeably by the country of origin; the country with the highest price was Nigeria ($X per tonne), while the price for Benin ($X per tonne) was amongst the lowest.
From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Nigeria, while the prices for the other major suppliers experienced mixed trend patterns.