Coconuts, Brazil nuts and cashews market in South-eastern Asia

Earlier Report Observations

Market volume for coconuts, Brazil nuts and cashews in South-eastern Asia increased from 36.3 million tonnes in 2018 to 38.5 million tonnes in 2023. The most significant expansion occurred in 2021, when volume jumped by nearly 6.7% to over 38.4 million tonnes. This surge was primarily driven by growing global consumer demand for healthier and sustainably produced foods, which boosted overall nut consumption.

After a slight stabilization in 2022, the market resumed growth in 2023, reaching 38.5 million tonnes. Underlying health and wellness trends continued to support demand, while increased cashew export volumes from major producing countries indicated sustained international market activity. Domestic production remained steady throughout the period, ensuring stable supply.

Production coconuts, Brazil nuts and cashews in South-eastern Asia

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 2019, South-eastern Asia produced 36 970 K t of coconuts, Brazil nuts, and cashews, marking the highest output in recent years. Production then declined slightly to 36 371 K t in 2020, representing a year-over-year decrease of 1.6%. The most significant growth occurred in 2018, with a 2.7% increase.

Annual dynamics of production in South-eastern Asia in kind, 2017-2020, K t

Exports coconuts, Brazil nuts and cashews from South-eastern Asia

Exports in kind, K t

Coconuts, Brazil nuts, and cashews exports from South-eastern Asia have risen for two consecutive years. In 2019, exports reached 949 K t, the lowest point in the period. By 2020, export volume increased to 1 460 K t, a substantial 35.7% jump from the previous year. Overall, from 2017 to 2020, exports fell by 24.7%, with a compound annual growth rate (CAGR) of -9.0%. The sharpest decline was in 2018, at 51.1%.

Annual dynamics of product's exports from South-eastern Asia in kind, 2017-2020, K t

From 2017 to 2020, exports of coconuts, Brazil nuts, and cashews from South-eastern Asia were widely distributed across various markets. China accounted for 23.1% of exports in kind, Canada for 11.6%, and the United States for 9.8%. Combined, these three countries made up 44.5% of total export flows, indicating a diverse market spread.

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

World map of product's exports from South-eastern Asia in kind, 2017-2020

Exports in value, M $ US

After two years of decline, exports of coconuts, Brazil nuts, and cashews from South-eastern Asia rebounded in 2020. In 2019, exports hit a low of 3 800 M $ US, with the largest drop of 10.3% that year. By 2020, exports rose to 4 111 M $ US, a moderate 8.2% increase year-over-year. Over the 2017-2020 period, exports decreased by 10.5%, with a CAGR of -3.6%.

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

Between 2017 and 2020, the United States was the leading destination for exports in value terms, accounting for 28.5% of the total. China followed with 15.3%, and the Netherlands with 11.5%. Together, these three countries comprised 55.2% of total export flows.

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

World map of product's exports from South-eastern Asia in value, 2017-2020

Imports coconuts, Brazil nuts and cashews to South-eastern Asia

Imports in kind, K t

The import market for coconuts, Brazil nuts, and cashews in South-eastern Asia showed volatility from 2017 to 2020. In 2018, imports dropped to 285 K t, the lowest level, with a sharp decline of 76.3%. They then surged to 1 228 K t in 2019, the peak, marking a 331.0% increase. By 2020, imports fell to 1 112 K t, down 9.5% from the previous year. The ratio between the 2019 peak and 2018 trough was 4.3 times.

Annual dynamics of product's imports to South-eastern Asia in kind, 2017-2020, K t

Over the 2017-2020 period, imports of coconuts, Brazil nuts, and cashews into South-eastern Asia were spread across multiple markets. Côte d'Ivoire led with 23.4% of imports in kind, followed by Ghana at 8.9% and Nigeria at 7.9%. These three countries together accounted for 40.2% of total import flows, reflecting a broad distribution.

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

World map of product's imports to South-eastern Asia in kind, 2017-2020

Imports in value, M $ US

Imports of coconuts, Brazil nuts, and cashews into South-eastern Asia declined for the third year in a row in 2020. That year, imports totaled 1 988 M $ US, a slight 2.4% decrease from 2019. From 2017 to 2020, imports fell by 33.6%, equivalent to an annualized rate of -12.7%.

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

From 2017 to 2020, Côte d'Ivoire was the primary source for imports in value terms, making up 30.3% of the total. Ghana contributed 10.7%, and Tanzania 10.4%. Collectively, these three countries represented 51.4% of total import flows.

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

World map of product's imports to South-eastern Asia in value, 2017-2020