Market research

In-shell cashew nuts market in Asia

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Asia" region includes following countries:

China

Hong Kong

Japan

North Korea

South Korea

Macao

Mongolia

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Brunei Darussalam

Myanmar

Cambodia

Indonesia

Laos

Malaysia

the Philippines

Timor-Leste

Singapore

Vietnam

Thailand

Kazakhstan

Kyrgyzstan

Tajikistan

Turkmenistan

Uzbekistan

Azerbaijan

Armenia

Bahrain

Cyprus

Georgia

Palestine

Iraq

Israel

Jordan

Kuwait

Lebanon

Oman

Qatar

Saudi Arabia

Syria

Turkey

the United Arab Emirates

Yemen

Earlier Report Observations

From 2018 to 2023, the Asian in-shell cashew nut market volume showed significant growth, rising from 1 745 thousand tons to 3 163 thousand tons. The market peaked at 3 350 thousand tons in 2021 before a temporary dip in 2022. Domestic production remained between 1 400 and 1 600 thousand tons, while import volatility was the primary driver of overall market size changes.

In 2023, Vietnam and India remained central to regional supply, with India harvesting 782 000 tons and Vietnam operating as a major processing base. Weather-related challenges in West Africa, such as inconsistent rainfall, affected global raw nut supply, influencing import flows and prices into Asia. Cambodia also launched a USD 27 million project to enhance its cashew industry's sustainability and export potential.

By 2024, government initiatives in India under MIDH and RKVY programs aimed to expand cultivation and adopt high-yield varieties. Advances in agricultural practices, including precision farming and modern irrigation, supported production. Growing consumer demand for healthy snacks and the rise of e-commerce further stimulated consumption, while global supply chain disruptions and geopolitical tensions continued to affect raw nut imports and processing costs.

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 Asia
  1. 5.1.1. Annual dynamics of production in Asia in kind, 2018-2023, K t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K 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, K 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. Exports
1. 6.1. Exports (Direct Data*)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data*)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ 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 in-shell cashew nuts in Asia

In kind, 2017-2020, K t

Top producers of in-shell cashew nuts, 2017-2020

Source: SHEV.io

World map of production of in-shell cashew nuts, 2017-2020

Source: SHEV.io

In 2020, Asia produced 1 549 K t of in-shell cashew nuts, representing a slight year-over-year increase of 2.5%. Looking at the broader period from 2017 to 2020, production grew by 12%, which translates to an annualized growth rate of 3.9%. The most significant production decline occurred in 2019, with a drop of 2.2%, while the largest increase was recorded in 2018, when production surged by 11.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	11.9%	(2.2%)	2.5%	3.9%

Source: SHEV.io

Exports in-shell cashew nuts from Asia

Exports in kind, K t

The market exhibited considerable volatility during these years. Export levels fluctuated dramatically, with a 13.3-fold difference between the peak in 2017 and the low point in 2018. In 2020, Asia exported 6 K t of in-shell cashew nuts, marking a substantial decrease of 71.5% compared to 2019. The lowest export volume was recorded in 2018 at 2 K t. The most significant decline occurred in 2018, with a drop of 92.5%, while the largest increase was observed in 2019, with a remarkable rise of 1 181.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(92.5%)	1 181.8%	(71.5%)	(35.0%)

Source: SHEV.io

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

In 2020, cross-border shipments of in-shell cashew nuts from Asia amounted to 132 M $ US, down by 2.6% compared to 2019. Over the period from 2017 to 2020, exports increased by 5.6%, with a compound annual growth rate of 1.8%. The minimum value was recorded in 2018 at 99 M $ US, while the maximum value was reached in 2019 at 135 M $ US. The largest decline occurred in 2018, with a drop of 20.4%, and the largest increase was in 2019, with a rise of 36.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(20.4%)	36.3%	(2.6%)	1.8%

Source: SHEV.io

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

Source: SHEV.io

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

Source: SHEV.io

Imports in-shell cashew nuts to Asia

Imports in kind, K t

The market showed signs of volatility over the observed period. Import volumes varied significantly, with a 6.1-fold difference between the high in 2019 and the low in 2018. In 2020, Asia's volume of in-shell cashew nut imports amounted to 1 043 K t, indicating a robust decline of 14.0% compared to the previous year. The minimum value was recorded in 2018 at 200 K t, while the maximum value was in 2019 at 1 214 K t. The largest decline occurred in 2018, with a drop of 82.9%, and the largest increase was in 2019, with a rise of 507.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(82.9%)	507.4%	(14.0%)	(3.6%)

Source: SHEV.io

Throughout the period from 2017 to 2020, Côte d'Ivoire, Ghana, and Nigeria were the key partners for imports in kind. Côte d'Ivoire accounted for 35.5% of imports, Ghana for 13.7%, and Nigeria for 12.2%. Together, these three countries represented 61.5% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

In-shell cashew nut shipments to Asia from abroad declined for the third consecutive year. In 2020, the import volume reached 1 466 M $ US, which is 15.7% lower compared to 2019. Over the period from 2017 to 2020, imports decreased by 43.1%, with a compound annual growth rate of -17.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(24.2%)	(10.9%)	(15.7%)	(17.1%)

Source: SHEV.io

From 2017 to 2020, Côte d'Ivoire, Ghana, and Tanzania made the biggest contribution to imports in value terms. Côte d'Ivoire accounted for 33.4% of imports, Ghana for 12.7%, and Tanzania for 12.4%. Collectively, these three countries represented 58.5% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io