China dominates global tung nuts production, contributing 76.93 metric tons, indicating its pivotal role in the market. Despite this dominance, 2023 saw a 2.25% decline in China's production. Paraguay is the second-largest producer at 18.17 metric tons, with a marginal 0.16% decrease in 2023. Malawi’s production grew by 3.31%, reaching 2.27 metric tons. Argentina and Madagascar produced 1.65 and 0.95 metric tons respectively, with Argentina seeing a notable 6.39% drop and Madagascar a slight 0.32% increase. Brazil, with 0.061 metric tons, suffered a significant 10.92% decline. Notably, the combined production reflects broad but varied trends among primary producers.
Looking ahead, key trends to observe include China's potential for production stabilization or further decline, the expansion capacity of Paraguay and Malawi, and whether Argentina and Brazil can reverse their declining production trends. Additionally, monitoring Madagascar’s growth trajectory will be important, given its slight increase amidst the broader market dynamics.
Top countries in Tung Nuts Production Share by Country (Metric Tons)
| # | 6 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 76.93 | 2023 | -4.98% | -2.25% | View data |
| 2 | 2 Paraguay | 18.17 | 2023 | +0.26% | -0.16% | View data |
| 3 | 3 Malawi | 2.27 | 2023 | +2.88% | +3.31% | View data |
| 4 | 4 Argentina | 1.65 | 2023 | -5.35% | -6.39% | View data |
| 5 | 5 Madagascar | 0.95 | 2023 | +0.33% | +0.32% | View data |
| 6 | 6 Brazil | 0.061 | 2023 | -11.17% | -10.92% | View data |