Cashew nuts market in Angola

Earlier Report Observations

From 2018 to 2019, the cashew nut market in Angola benefited from regulatory improvements, including Presidential Decree No. 177/18 on supply markets and Law No. 10/18 on private investment, which facilitated trade and created a stable environment. This supported a slight increase in market volume from 2 210 t to 2 243 t.

The COVID-19 pandemic in 2020 led to factory closures and disruptions in the African cashew industry, causing the market volume to drop to 2 165 t. Although pandemic effects persisted, the market partially recovered to 2 195 t in 2021 as the sector adapted and sought support policies.

Starting in 2022, efforts to diversify Angola's economy focused on agro-industry, with financing agreements for cashew production through institutions like FADA, FDCA, and INCA, helping drive market volume to 2 246 t. In 2023, further regulatory simplification via Presidential Decree No. 172/23 and exchange rate stabilization contributed to market stability, with volume at 2 228 t.

Production cashew nuts in Angola

In kind, 2017-2020, t

From 2017 to 2020, Angola ranked 27th globally in cashew nut production volume.

Top producers of cashew nuts, 2017-2020

World map of production of cashew nuts, 2017-2020

After two years of growth, Angola's cashew nut production declined. In 2020, the country produced 2 144 tonnes, a slight decrease of 2.1% from the previous year. Over the 2017-2020 period, production rose by 2.3%, with a compound annual growth rate of 0.7%. The highest output was recorded in 2019 at 2 190 tonnes, while the largest annual increase occurred in 2018 at 2.3%.

Annual dynamics of production in Angola in kind, 2017-2020, t

Exports cashew nuts from Angola

Exports in kind, kg

The market exhibited volatility during these years. Exports reached their lowest point in 2020 at 30 kg, marking an 80.6% drop from 2019, while the peak was in 2019 at 155 kg. This represents a 5.2-fold difference between the two years. The largest increase was recorded in 2019 at 244.4%.

Annual dynamics of product's exports from Angola in kind, 2017-2020, kg

Between 2017 and 2020, the Democratic Republic of the Congo and Cuba formed a highly concentrated pair of markets for Angola's cashew nut exports in kind, together accounting for 100.0% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Angola in kind, 2017-2020

Exports in value, K $ US

The market showed signs of volatility over the observed period. Exports fell to 1.3 thousand US dollars in 2020, a steep decline of 65.0% from the previous year, while the peak was in 2019 at 3.7 thousand US dollars. The difference between the maximum in 2019 and the minimum in 2018 amounted to a 58-fold variation. The largest increase occurred in 2019 at 5 733.4%.

Annual dynamics of product's exports from Angola in value, 2017-2020, K $ US

Throughout 2017-2020, the Democratic Republic of the Congo played a dominant role in Angola's cashew nut exports in value terms, consistently accounting for 98.7% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Angola in value, 2017-2020

Imports cashew nuts to Angola

Imports in kind, kg

The data reveals irregular changes, indicating a volatile market environment. Imports reached their lowest point in 2017 and peaked in 2018 at 65 834 kg, showing a 3.3-fold variation between these years. In 2020, Angola's cashew nut import volume totaled 21 824 kg, down 58.7% year-over-year. The largest increase was recorded in 2018 at 225.6%.

Annual dynamics of product's imports to Angola in kind, 2017-2020, kg

In 2017-2020, Portugal and Mozambique led the list of markets for Angola's cashew nut imports in kind, together accounting for 82.3% of total flows, with other partners playing a supplementary role.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Angola in kind, 2017-2020

Imports in value, K $ US

The market showed signs of volatility over the observed period. Imports peaked in 2018 at 575.7 thousand US dollars and fell to their lowest point in 2020 at 89.1 thousand US dollars, a difference of 6.5 times. In 2020, cashew nut deliveries to Angola were recorded at 89.1 thousand US dollars, 60.1% weaker than the prior year. The largest increase occurred in 2018 at 516.6%, while the largest decline was in 2019 at 61.2%.

Annual dynamics of product's imports to Angola in value, 2017-2020, K $ US

Over 2017-2020, Mozambique and Portugal consistently accounted for 88.4% of Angola's total cashew nut imports in value terms, indicating a high degree of concentration alongside a long tail of smaller markets.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Angola in value, 2017-2020