Market research

Cashew nuts market in Thailand

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The cashew nut market in Thailand expanded from 27 234 t in 2018 to 32 258 t in 2019, supported by the formation of farmer cooperatives in Phu Phiang district, which improved collective bargaining and quality control, leading to higher domestic production. Enhanced cultivation practices, including timely fertilization and harvest sorting, further contributed to output quality.

After a decline to 28 263 t in 2020, the market recovered gradually. The promotion of community-based processing, such as roasting and frying, along with the adoption of online sales channels, helped sustain domestic interest. By 2021-2022, product diversification into whole kernels, halves, and pieces, coupled with standardized foil packaging, met varied consumer needs. Moreover, rising health consciousness spurred demand for cashews as snacks and food ingredients, driving market growth to 30 651 t in 2022.

The market continued to grow, reaching 33 810 t in 2023, primarily due to a significant increase in imports, while production remained stable. Exports showed considerable volatility, with a sharp rise in 2024.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Thailand
  1. 5.1.1. Annual dynamics of production in Thailand in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Thailand in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Thailand in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Thailand by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Thailand in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Thailand by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Thailand, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Thailand by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Thailand in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Thailand by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Thailand in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Thailand by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Thailand, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Thailand by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Thailand in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Thailand by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Thailand in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Thailand by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Thailand, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Thailand by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Thailand in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Thailand by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Thailand in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Thailand by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Thailand, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Thailand by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production cashew nuts in Thailand

In kind, 2017-2020, t

Thailand ranked 17th globally in cashew nut production from 2017 to 2020.

Top producers of cashew nuts, 2017-2020

Source: SHEV.io

World map of production of cashew nuts, 2017-2020

Source: SHEV.io

In 2020, Thailand produced 24 104 tons of cashew nuts, a 3.7% decrease from 2019. Over the 2017-2020 period, production fell by 6.3%, with a compound annual growth rate of 2.1%. The largest decline occurred in 2018 at 5.8%, while the biggest increase was in 2019 at 3.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(5.8%)	3.3%	(3.7%)	(2.1%)

Source: SHEV.io

Exports cashew nuts from Thailand

Exports in kind, t

The market displayed volatility during the observed period. The lowest export volume was recorded in 2019 at 3 308 tons, while the highest was reached in 2020 at 6 488 tons, representing a peak-to-trough ratio of 2 times. In 2020, Thailand's cashew nut exports surged by 96.1% year-over-year. The largest decline occurred in 2019, dropping by 46.6%.

Annual dynamics of product's exports from Thailand in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	41.4%	(46.6%)	96.1%	14.0%

Source: SHEV.io

From 2017 to 2020, Vietnam dominated Thailand's cashew nut exports in volume, accounting for 74.9% of total flows, with other markets making up the remainder.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

The market showed an unstable trend throughout the timeframe. The lowest export value was in 2019 at 2 011 thousand US dollars, while the highest was in 2017, with a 10.3-fold difference between these years. In 2020, Thailand exported 15 981 thousand US dollars worth of cashew nuts, a dramatic 694.6% increase from 2019. The largest decline was in 2019, falling by 89.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.7%)	(89.9%)	694.6%	(8.2%)

Source: SHEV.io

Between 2017 and 2020, the United States and Vietnam consistently represented 94.3% of Thailand's total cashew nut exports in value, indicating high market concentration alongside numerous smaller markets.

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

Source: SHEV.io

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

Source: SHEV.io

Imports cashew nuts to Thailand

Imports in kind, t

Thailand's cashew nut import volume increased for the third consecutive year. In 2020, imports reached 10 646 tons, up 1.0% from the previous year. Over the 2017-2020 period, imports grew by 16.9%, with a compound annual growth rate of 5.3%.

Annual dynamics of product's imports to Thailand in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.0%	14.6%	1.0%	5.3%

Source: SHEV.io

From 2017 to 2020, Vietnam (64.9% of import volume), Indonesia (3.3%), and Cambodia (2.5%) were the main suppliers of cashew nuts to Thailand, together accounting for 70.7% of total imports.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Thailand's imported cashew nut value declined for the third consecutive year. In 2020, imports totaled 65 721 thousand US dollars, a significant 16.0% decrease from 2019. Between 2017 and 2020, imports fell by 28.1%, equivalent to an annualized rate of 10.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(8.0%)	(7.0%)	(16.0%)	(10.4%)

Source: SHEV.io

Throughout 2017-2020, Vietnam (68.0% of import value), Indonesia (3.9%), and Myanmar (2.3%) remained key partners in Thailand's cashew nut imports, collectively representing 74.2% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io