Ivory Coast leads global cashew nut production with 915.55 thousand metric tons, up 4.26% year-on-year, showing consistent growth over the past five years. India, the second-largest producer, faced a slight decline of 0.37%, ending at 802.18 thousand metric tons. Tanzania and Vietnam, producing 289.41 and 285.45 thousand metric tons respectively, showed mixed trends with Tanzania decreasing by 1.61% and Vietnam increasing by 1.39%. The Philippines saw a notable rise of 3.56% to 272.31 thousand metric tons, while Benin and Mali also showed positive growth of 1.14% and 4.37% respectively.
Other significant producers include Guinea-Bissau, Burkina Faso, Indonesia, Brazil, and Mozambique, with varied year-on-year changes. Nigeria’s production plummeted by 60.33%, reflecting a critical need for reforms. The last two years show minimal growth or declines for Thailand, Kenya, and other minor producers. Long-term trends suggest potential volatility in smaller markets.
Future trends to watch include the impact of climate change on production, technological advancements in farming practices, and shifts in global trade policies. The growth in traditionally lower-ranked countries like Mali and Indonesia could potentially reshape the global landscape. Continued monitoring of production volumes and geopolitical developments will be crucial for staying ahead of market dynamics.
Top countries in Cashew Nuts Production by Country
| # | 10 Countries | Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ivory Coast | 915,550 | 2023 | +3.52% | +4.26% | View data |
| 2 | 2 India | 802,180 | 2023 | +1.19% | -0.37% | View data |
| 3 | 3 Tanzania | 289,410 | 2023 | +3.34% | -1.61% | View data |
| 4 | 4 Vietnam | 285,450 | 2023 | +0.75% | +1.39% | View data |
| 5 | 5 Philippines | 272,310 | 2023 | +2.9% | +3.56% | View data |
| 6 | 6 Benin | 233,360 | 2023 | +2.91% | +1.14% | View data |
| 7 | 7 Mali | 207,600 | 2023 | +5.13% | +4.37% | View data |
| 8 | 8 Guinea-Bissau | 181,450 | 2023 | +2.05% | +2.28% | View data |
| 9 | 9 Burkina Faso | 162,520 | 2023 | +3.8% | +3.78% | View data |
| 10 | 10 Indonesia | 142,900 | 2023 | +0.83% | -0.65% | View data |
