In 2023, the Ivory Coast leads the global cashew nut production with a significant growth of 3.51%, followed by India, despite a decline of 1.85%. Vietnam shows remarkable growth at 8.98%, while the Philippines and Mali also demonstrate positive growth, indicating emerging market strength. Tanzania, however, experiences a decline of 6.4%. Brazil, another significant producer, faces a slight reduction of 1.79%.
Looking ahead, future trends to monitor include:
- The continued growth of Vietnam, potentially overtaking established markets.
- The impact of climate change and economic conditions on production efficiency in key regions.
- Emerging markets in Africa and Asia, where favorable conditions may spur growth.
- Adoption of technological advancements in cultivation and processing techniques.
Top countries in Cashew Nuts Gross Production by Country
| # | 10 Countries | Thousand US Dollars PPP = 2004–2006 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ivory Coast | 840,180 | 2023 | +3.9% | +3.51% | View data |
| 2 | 2 India | 691,450 | 2023 | -0.36% | -1.85% | View data |
| 3 | 3 Vietnam | 380,460 | 2023 | +1.43% | +8.98% | View data |
| 4 | 4 Philippines | 250,180 | 2023 | +2.37% | +3.33% | View data |
| 5 | 5 Mali | 215,820 | 2023 | +28.37% | +6.75% | View data |
| 6 | 6 Tanzania | 209,460 | 2023 | +1.38% | -6.4% | View data |
| 7 | 7 Indonesia | 162,730 | 2023 | +1.36% | +3.48% | View data |
| 8 | 8 Benin | 142,000 | 2023 | +1.28% | +5.75% | View data |
| 9 | 9 Burkina Faso | 139,650 | 2023 | +3.75% | +2.17% | View data |
| 10 | 10 Mozambique | 130,180 | 2023 | +1.36% | +1.51% | View data |
