Coconuts, Brazil nuts and cashews market in Americas

Earlier Report Observations

Between 2018 and 2023, the market volume for coconuts, Brazil nuts, and cashews in Brazil grew from 4 962 thousand tons to 5 619 thousand tons. This expansion occurred despite a minor contraction in 2019, with the market value experiencing significant fluctuations, declining from $38 075 million to $24 233 million over the same period. A key driver from 2021 was increasing consumer demand for the health benefits of nuts, particularly cashews and almonds, which supported volume growth.

The market volume saw a sharp rise of 9.9% in 2022, followed by a further 3.1% increase in 2023. This sustained growth was fueled by rising demand for convenient snacks and greater health awareness, with the availability of various flavors and organic options for cashew nuts stimulating sales. However, the market value fell by 25.2% in 2023, coinciding with a 42% drop in the value of imports, indicating shifts in trade flows that affected overall market valuation.

Brazil consolidates its position as the largest importer of cashew nuts in Latin America, accounting for 81% of intra-regional imports. Evolving consumer preferences, including a shift toward vegan lifestyles and healthy substitutes, continue to drive demand for flavored and organic nut products in the domestic market.

Production coconuts, Brazil nuts and cashews in Americas

In kind, 2017-2020, K t

Top producers of coconuts, Brazil nuts and cashews, 2017-2020

World map of production of coconuts, Brazil nuts and cashews, 2017-2020

In the Americas, production of coconuts, Brazil nuts, and cashews reached 4 918 thousand tons in 2020, marking a slight increase of 0.8% compared to 2019. Looking at the broader period from 2017 to 2020, production grew by 3%, which translates to an average annual growth rate of 1.0%. The highest production level was recorded in 2018 at 4 953 thousand tons, with that year also seeing the largest increase of 3.7%. In contrast, 2019 experienced the most significant decline of 1.5%.

Annual dynamics of production in Americas in kind, 2017-2020, K t

In value, 2017-2020, M $ US

The value of coconuts, Brazil nuts, and cashews production in the Americas declined for the second year in a row. In 2020, output was valued at 26 761 million US dollars, down by 15.7% from 2019. Over the 2017-2020 period, production value fell by 18.4%, with a compound annual growth rate of -6.6%. The peak value occurred in 2018 at 38 265 million US dollars, which also saw the largest increase of 16.7%. The most substantial drop was in 2019, with a decline of 17.0%.

Annual dynamics of production in Americas in value, 2017-2020, M $ US

Exports coconuts, Brazil nuts and cashews from Americas

Exports in kind, t

In 2020, exports of coconuts, Brazil nuts, and cashews from the Americas totaled 59 455 tons, representing a modest increase of 1.3% compared to 2019. The lowest export volume was recorded in 2019 at 58 687 tons, while the highest was in 2018 at 66 885 tons. The largest decline occurred in 2019, with a drop of 12.3%, whereas 2018 saw the biggest increase of 13.6%.

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

From 2017 to 2020, the export structure for coconuts, Brazil nuts, and cashews in kind showed a diverse range of partners. The Netherlands accounted for 7.3% of exports, the United Kingdom for 4.5%, and Germany for 4.4%, together making up only 16.1% of total flows. The remaining 83.9% was spread across numerous smaller markets.

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

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

Exports in value, M $ US

Exports of coconuts, Brazil nuts, and cashews from the Americas declined for the second consecutive year. In 2020, export value stood at 323.5 million US dollars, down by 15.3% from the previous year. Between 2017 and 2020, exports decreased by 20%, equivalent to an annualized rate of -7.2%. The highest value was recorded in 2018 at 516.7 million US dollars, which also experienced the largest increase of 27.8%. The most significant decline occurred in 2019, with a drop of 26.1%.

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

Between 2017 and 2020, the export landscape in value terms was broad. The Netherlands contributed 12.3% of exports, South Korea 9.1%, and Germany 8.7%, collectively accounting for just 30.0% of total flows. A substantial 70.0% was directed to or from many other countries.

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

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

Imports coconuts, Brazil nuts and cashews to Americas

Imports in kind, t

Imports of coconuts, Brazil nuts, and cashews into the Americas declined for the third year in a row. In 2020, imports amounted to 69 127 tons, showing a moderate decrease of 6.6% compared to 2019. Over the 2017-2020 period, imports fell by 12.7%, with an annualized rate of -4.4%.

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

From 2017 to 2020, key suppliers of coconuts, Brazil nuts, and cashews to the Americas included the Philippines with 19.6% of imports in kind, Indonesia with 14.4%, and Vietnam with 11.6%. However, their combined share reached only 45.5% of total imports, while the remaining 54.5% was distributed among many other partners.

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

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

Imports in value, M $ US

Imports of coconuts, Brazil nuts, and cashews into the Americas declined for the third consecutive year. In 2020, import value was 234.1 million US dollars, reflecting a moderate decrease of 9.7% from the previous year. Over the 2017-2020 period, imports decreased by 30.9%, with a compound annual growth rate of -11.6%.

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

Between 2017 and 2020, Vietnam was the leading source for imports in value terms, accounting for 34.7%, followed by the Philippines at 14.3% and Indonesia at 7.9%. Together, these three countries made up 56.9% of total import flows, with the rest coming from various other destinations.

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

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