In 2023, Ivory Coast emerged as the leader in global cashew nut production with a share of 20.84%, experiencing a significant year-on-year growth of 4.26%. India, with an 18.26% share, saw a slight decline, as did Tanzania, despite having a 6.59% share. Vietnam, Philippines, and Benin maintained robust production shares with optimistic growth. Countries like Brazil, Indonesia, and others saw minor declines or modest growth. Key challenges were evident in countries like Nigeria and Colombia with steep declines in production.
Future trends include:
- Potential growth from African countries due to favorable agro-climatic conditions and investments.
- South Asian countries may strengthen their production despite environmental challenges.
- Market fluctuations could be influenced by global supply chain dynamics and climate resilience strategies.
Top countries in Cashew Nuts Production Share by Country (Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ivory Coast | 20.84 | 2023 | +3.52% | +4.26% | View data |
| 2 | 2 India | 18.26 | 2023 | +1.19% | -0.37% | View data |
| 3 | 3 Tanzania | 6.59 | 2023 | +3.34% | -1.61% | View data |
| 4 | 4 Vietnam | 6.5 | 2023 | +0.75% | +1.39% | View data |
| 5 | 5 Philippines | 6.2 | 2023 | +2.9% | +3.56% | View data |
| 6 | 6 Benin | 5.31 | 2023 | +2.91% | +1.14% | View data |
| 7 | 7 Mali | 4.72 | 2023 | +5.13% | +4.37% | View data |
| 8 | 8 Guinea-Bissau | 4.13 | 2023 | +2.05% | +2.28% | View data |
| 9 | 9 Burkina Faso | 3.7 | 2023 | +3.8% | +3.78% | View data |
| 10 | 10 Indonesia | 3.25 | 2023 | +0.83% | -0.65% | View data |
