Market research

In-shell cashew nuts market in the Philippines

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market for in-shell cashew nuts in the Philippines showed consistent growth from 2018 to 2020, with volume increasing from 228.6 thousand tons to 255.8 thousand tons. This upward trend paused in 2021 as the market stabilized at around 255.7 thousand tons.

A sharp decline occurred in 2022, when market volume dropped to 123.8 thousand tons, less than half of the previous year's level. This contraction marked a significant shift in the market's trajectory.

Recovery began in 2023, with volume rising to 136.2 thousand tons. This rebound coincided with the Philippines regaining EU market access for pili nuts, which improved the regulatory and export environment for nut producers and supported cashew nut market activity.

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 the Philippines
  1. 5.1.1. Annual dynamics of production in the Philippines in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in the Philippines 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, 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, t
    1. 6.1.2.1. Annual dynamics of product's exports from the Philippines in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from the Philippines by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from the Philippines in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from the Philippines by countries, 2018-2024, K $ 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 the Philippines, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from the Philippines 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, t
    1. 6.2.2.1. Annual dynamics of product's exports from the Philippines in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from the Philippines by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from the Philippines in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from the Philippines by countries, 2018-2024, K $ 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 the Philippines, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from the Philippines 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, t
    1. 7.1.2.1. Annual dynamics of product's imports to the Philippines in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to the Philippines by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to the Philippines in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to the Philippines by countries, 2018-2024, K $ 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 the Philippines, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to the Philippines 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, t
    1. 7.2.2.1. Annual dynamics of product's imports to the Philippines in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to the Philippines by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to the Philippines in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to the Philippines by countries, 2018-2024, K $ 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 the Philippines, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to the Philippines by countries, 2018-2024, $ US/kg
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 the Philippines

In kind, 2017-2020, K t

From 2017 to 2020, the Philippines ranked fifth globally in the production of in-shell cashew nuts.

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

The Philippines saw its in-shell cashew nut production increase for the third year in a row. In 2020, production reached 255.9 thousand tonnes, marking a 5.6% year-over-year rise. Over the 2017-2020 period, production grew by 15%, with an average annual growth rate of 4.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.7%	6.0%	5.6%	4.8%

Source: SHEV.io

Exports in-shell cashew nuts from the Philippines

Exports in kind, t

The market experienced notable fluctuations during this period. Export volumes hit their lowest point in 2018 at 50.0 tonnes, then peaked in 2017, with a 9.5-fold difference between these years. In 2020, the Philippines exported 144.3 tonnes of in-shell cashew nuts, representing a sharp 57.4% drop from the previous year. The largest decline occurred in 2018 at 89.4%, while the biggest increase was in 2019 at 578.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(89.4%)	578.1%	(57.4%)	(32.7%)

Source: SHEV.io

From 2017 to 2020, Vietnam dominated the export market for in-shell cashew nuts from the Philippines, accounting for 99.9% of total shipments.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Market behavior was volatile during these years. Exports reached their lowest point in 2018 at 94.5 thousand US dollars and peaked in 2017, with an 8.6-fold difference between these years. In 2020, cross-border shipments of in-shell cashew nuts from the Philippines totaled 350.2 thousand US dollars, down 2.4% from 2019. The largest decline was in 2018 at 88.3%, and the biggest increase was in 2019 at 279.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(88.3%)	279.5%	(2.4%)	(24.4%)

Source: SHEV.io

From 2017 to 2020, the export market was highly concentrated, with Vietnam alone responsible for 99.9% of total export value.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in-shell cashew nuts to the Philippines

Imports in kind, t

The import market showed volatility over the observed period. Import levels dropped to their lowest point in 2019 at 0.5 tonnes and peaked in 2018, with a 66-fold difference between these years. In 2020, foreign supplies of in-shell cashew nuts to the Philippines reached 5.7 tonnes, reflecting a sharp increase of 1 154.8% compared to the previous year. The largest decline was recorded in 2019 at 98.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	(98.5%)	1 154.8%	-

Source: SHEV.io

From 2017 to 2020, Thailand and Vietnam accounted for the majority of in-shell cashew nut imports to the Philippines, while other markets played a less significant role.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

The import market exhibited an unstable trend throughout this timeframe. Imports fell to their lowest point in 2019 at 5.3 thousand US dollars and peaked in 2018, with an 8.3-fold difference between these years. In 2020, the Philippines' import volume of in-shell cashew nuts totaled 6.5 thousand US dollars, equivalent to a significant 21.6% rise from the previous year. The largest decline was in 2019 at 87.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	(87.9%)	21.6%	-

Source: SHEV.io

From 2017 to 2020, three key markets—Thailand, Vietnam, and Australia—together accounted for 100.0% of total import value for in-shell cashew nuts to the Philippines.

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

Source: SHEV.io

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

Source: SHEV.io