In 2023, China dominated the global tung nuts production, with a significant increase of 1.72% year-on-year, reflecting strong growth. Paraguay experienced a slight decline of 0.79%, whereas Argentina saw a modest rise of 0.92%. Malawi's production edged up by 0.46%, and Madagascar's output decreased by 0.37%. Brazil faced the sharpest drop at -5.09%, indicating challenges in its production capabilities.
Future Trends:
- China is expected to continue leading, driven by strong domestic demand and investments in production technology.
- Paraguay might stabilize or slightly grow as strategies to enhance yield are implemented.
- Emerging markets like Malawi and Madagascar could see gradual growth due to increased agricultural support and investments in infrastructure.
Top countries in Tung Nuts Gross Production by Country
| # | 6 Countries | Thousand US Dollars PPP = 2004–2006 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 121,120 | 2023 | -0.31% | +1.72% | View data |
| 2 | 2 Paraguay | 16,200 | 2023 | -0.71% | -0.79% | View data |
| 3 | 3 Argentina | 2,210 | 2023 | +4.99% | +0.92% | View data |
| 4 | 4 Malawi | 1,500 | 2023 | +1.15% | +0.46% | View data |
| 5 | 5 Madagascar | 823 | 2023 | -0.58% | -0.37% | View data |
| 6 | 6 Brazil | 77 | 2023 | -3.75% | -5.09% | View data |
