The global cashew nuts gross production landscape shows a significant concentration in a few major producers. Ivory Coast leads with 23.42% of global production share, followed by India at 19.27%, and Vietnam at 10.6%. Other noteworthy contributors include the Philippines, Mali, and Tanzania. Ivory Coast experienced a 3.51% increase, while India saw a decline of 1.85% and Vietnam surged by 8.98% from 2023 to 2024. Rising production in countries like Mali, Benin, and Nigeria indicates a trend towards diversification of cashew production.
Among the notable trends, Indonesia, Burkina Faso, and Mozambique have shown moderate increases in production. Conversely, Sri Lanka and Brazil experienced significant declines in their production shares. The variability in production across countries signals a dynamic market with growth opportunities for emerging producers.
Future trends to watch include the potential for continued growth in Vietnam, Mali, and Nigeria, which could reshuffle the global production rankings. Additionally, the market may see increasing competitiveness from smaller producers like Peru and El Salvador, who have recently boosted their production growth.
Overall, the cashew production market is characterized by a mix of established leaders and emerging players, with a general trend towards increasing globalization and diversification of production sources.
Top countries in Cashew Nuts Gross Production Share by Country (Thousand US Dollars PPP = 2004–2006)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ivory Coast | 23.42 | 2023 | +3.9% | +3.51% | View data |
| 2 | 2 India | 19.27 | 2023 | -0.36% | -1.85% | View data |
| 3 | 3 Vietnam | 10.6 | 2023 | +1.43% | +8.98% | View data |
| 4 | 4 Philippines | 6.97 | 2023 | +2.37% | +3.33% | View data |
| 5 | 5 Mali | 6.01 | 2023 | +28.37% | +6.75% | View data |
| 6 | 6 Tanzania | 5.84 | 2023 | +1.38% | -6.4% | View data |
| 7 | 7 Indonesia | 4.54 | 2023 | +1.36% | +3.48% | View data |
| 8 | 8 Benin | 3.96 | 2023 | +1.28% | +5.75% | View data |
| 9 | 9 Burkina Faso | 3.89 | 2023 | +3.75% | +2.17% | View data |
| 10 | 10 Mozambique | 3.63 | 2023 | +1.36% | +1.51% | View data |
