Coconuts, Brazil nuts and cashews market in Western Asia

Earlier Report Observations

The market volume for coconuts, Brazil nuts and cashews in Western Asia increased from 153 thousand tonnes in 2018 to 241 thousand tonnes in 2023, representing a 58% growth over the period. This expansion was primarily fueled by a substantial rise in imports, which compensated for stable domestic production and a concurrent increase in exports. The market path was volatile, with a notable contraction in 2020 followed by a steady recovery and accelerated growth in subsequent years.

Imports surged from 162 thousand tonnes in 2018 to 265 thousand tonnes in 2023, becoming the dominant supply source for the regional market. Domestic output remained constant at approximately 6.7 thousand tonnes annually, reflecting limited local cultivation capacity. Although exports grew from 15 thousand tonnes to 30 thousand tonnes over the same period, their influence on net market volume was secondary to the import dynamics.

In value terms, the market rose from 523 million USD in 2018 to 647 million USD in 2023, a 24% increase. The slower pace of value growth compared to volume indicates shifts in product mix or price conditions, particularly visible in the declining value of domestic production despite unchanged output quantities.

Production coconuts, Brazil nuts and cashews in Western Asia

In kind, 2017-2020, 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, Western Asia produced 6 709 tonnes of coconuts, Brazil nuts, and cashews, marking the highest output during the period. Production in 2020 remained at the same level of 6 709 tonnes, showing no significant change from the previous year. The largest decline occurred in 2018 with a 0.0% decrease, while the most notable increase was recorded in 2019 at 1.0%.

Annual dynamics of production in Western Asia in kind, 2017-2020, t

In value, 2017-2020, K $ US

Following two consecutive years of growth, Western Asia's production of coconuts, Brazil nuts, and cashews declined in value terms. In 2020, output was valued at 69 524 thousand US dollars, representing a 16.7% decrease compared to 2019. Over the 2017-2020 period, production increased by 15.8%, with a compound annual growth rate of 5.0%. The peak value was recorded in 2019 at 83 442 thousand US dollars, while the largest annual increase occurred in 2018 at 22.2%.

Annual dynamics of production in Western Asia in value, 2017-2020, K $ US

Exports coconuts, Brazil nuts and cashews from Western Asia

Exports in kind, K t

After two years of decline, Western Asia's exports of coconuts, Brazil nuts, and cashews rebounded in volume terms. In 2020, exports totaled 23.6 thousand tonnes, showing a substantial 59.2% increase from the previous year. Between 2017 and 2020, exports grew by 7.5%, equivalent to an annualized rate of 2.4%. The lowest volume was recorded in 2019 at 14.8 thousand tonnes, while the most significant decline occurred in 2018 at 29.8%.

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

During the 2017-2020 period, Iran accounted for 28.1% of Western Asia's exports of coconuts, Brazil nuts, and cashews in volume terms, followed by Afghanistan at 4.5% and Algeria at 3.5%. Together, these three countries represented 36.1% of total exports, indicating a broadly diversified partner base for the region.

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

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

Exports in value, M $ US

Western Asia's exports of coconuts, Brazil nuts, and cashews declined in value terms for the third consecutive year. In 2020, exports stood at 125.7 million US dollars, showing a moderate decrease of 8.5% from the previous year. Over the 2017-2020 period, exports decreased by 18%, with a compound annual decline rate of 6.4%.

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

From 2017 to 2020, the leading destinations for Western Asia's exports of coconuts, Brazil nuts, and cashews in value terms were Iran with 41.8% of total exports, Afghanistan with 6.7%, and Algeria with 6.6%. These three countries collectively accounted for 55.2% of total export value.

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

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

Imports coconuts, Brazil nuts and cashews to Western Asia

Imports in kind, K t

In 2020, Western Asia imported 177.9 thousand tonnes of coconuts, Brazil nuts, and cashews, representing a significant 19.8% decrease from the previous year. Over the 2017-2020 period, imports increased by 7.7%, with a compound annual growth rate of 2.5%. The lowest volume was recorded in 2018 at 161.8 thousand tonnes, while the peak occurred in 2019 at 221.8 thousand tonnes. The largest annual increase was recorded in 2019 at 37.1%.

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

Throughout the 2017-2020 period, India remained the primary source for Western Asia's imports of coconuts, Brazil nuts, and cashews in volume terms, accounting for 43.8% of total imports. Vietnam followed with 16.9%, and Indonesia with 10.2%. Together, these three countries supplied 70.9% of Western Asia's total imports by volume.

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

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

Imports in value, M $ US

Western Asia's imports of coconuts, Brazil nuts, and cashews declined in value terms for the second consecutive year. In 2020, imports totaled 512.8 million US dollars, showing a 6.9% decrease from the previous year. Over the 2017-2020 period, imports decreased by 8.9%, with a compound annual decline rate of 3.1%. The highest value was recorded in 2018 at 595.9 million US dollars, while the largest annual decline occurred in 2019 at 7.5%. The most significant annual increase was recorded in 2018 at 5.9%.

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

From 2017 to 2020, India accounted for 45.3% of Western Asia's imports of coconuts, Brazil nuts, and cashews in value terms, followed by Vietnam with 31.1% and Indonesia with 4.8%. These three countries together represented 81.3% of total import value during this period.

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

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