Market research

In-shell 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 market volume for in-shell cashew nuts in Thailand showed considerable variation from 2018 to 2023. After increasing to 21.8 thousand metric tons in 2019, it fell over the next two years, reaching a low of 17.9 thousand metric tons in 2021, before climbing back to 20.8 thousand metric tons by 2023.

Domestic production remained steady throughout this period, hovering between 24.1 and 25.0 thousand metric tons annually. Export volumes fluctuated substantially, with changes in these shipments correlating with the shifts in domestic market availability.

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 in-shell cashew nuts in Thailand

In kind, 2017-2020, t

From 2017 to 2020, Thailand maintained the 17th position globally in terms of in-shell cashew nut production volume.

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, Thailand produced 24 104 tonnes of in-shell cashew nuts, representing a moderate decline of 3.7% compared to the previous year. Over the period from 2017 to 2020, production decreased by 6.3%, which translates to an annualized rate of 2.1%. The largest drop occurred in 2018, with a 5.8% decrease, while the most significant increase was recorded 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 in-shell cashew nuts from Thailand

Exports in kind, t

In 2020, Thailand exported 5 296 tonnes of in-shell cashew nuts, marking a substantial increase of 61.5% over the previous year. Between 2017 and 2020, exports grew by 74.9%, corresponding to an annualized rate of 20.5%. The largest decline was observed in 2019, with a 31.5% decrease.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	58.0%	(31.5%)	61.5%	20.5%

Source: SHEV.io

During 2017–2020, Vietnam was the overwhelmingly dominant market for Thailand's in-shell cashew nut exports, accounting for 95.0% of total export volumes.

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 experienced noticeable fluctuations during this period, with a peak in 2017 and a trough in 2019, showing a 3.1-fold variation. In 2020, in-shell cashew nut shipments from Thailand amounted to 4 288 thousand US dollars, representing an abrupt uptick of 142.4% compared to 2019. The minimum value was recorded in 2019 at 1 769 thousand US dollars, which also saw the largest decline of 63.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(10.4%)	(63.7%)	142.4%	(7.6%)

Source: SHEV.io

Throughout 2017–2020, Vietnam remained the central partner for Thailand's in-shell cashew nut exports in value terms, with a share of 88.4% of total flows, while other markets formed a less significant portion.

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 in-shell cashew nuts to Thailand

Imports in kind, t

Import volumes showed volatility during these years, with the highest recorded in 2017 and the lowest in 2019, reflecting a 5.6-fold gap. In 2020, Thailand imported 26 tonnes of in-shell cashew nuts, which is a 15.6% increase year-over-year. The minimum volume was recorded in 2019 at 22 tonnes, which also experienced the largest decline of 81.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(5.5%)	(81.3%)	15.6%	(41.1%)

Source: SHEV.io

Over 2017–2020, Cambodia and Laos were the sole sources for Thailand's in-shell cashew nut imports, together accounting for 100.0% of total import volumes.

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 in-shell cashew nut imports declined for the third consecutive year. In 2020, import value totaled 36 thousand US dollars, marking a strong reduction of 17.4% year-over-year. Over the period 2017-2020, imports decreased by 80.6%, with a compound annual growth rate of -42.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(9.5%)	(74.0%)	(17.4%)	(42.1%)

Source: SHEV.io

In 2017–2020, Cambodia and Laos were the two dominant destinations for Thailand's in-shell cashew nut imports in value terms, with Cambodia accounting for 69.0% and Laos for 42.1% of total flows, together forming 100.0% of total imports.

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