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Export News
2025-08-18
Cashew nut exports have become an increasingly important part of global agricultural trade, driven by rising consumer demand for healthy snacks, plant-based protein, and versatile food ingredients.
Compared to peanuts, cashew nuts have a relatively high fiber content and are rich in nutrients. Due to the increasing awareness of consumer health, the consumption of cashew nuts has steadily increased. In order to meet the global demand for cashew nuts, the cashew nut export market is steadily expanding, providing new opportunities for global exporters.
The cashew nuts export market size will reach 7.82 billion US dollars in 2024 and is expected to reach 9.2 billion US dollars by 2029, with a compound annual growth rate of 3.31% during the forecast period (2024-2029).
According to Tendata Global Trade Data, the following countries are the top 10 Countries of Cashew Nut Exports in 2024：
Ivory Coast：$753.29 million(18.03%)
Cambodia：$650.64 million(15.57%)
Tanzania：$487.51 million(11.67%)
Vietnam：$411.05 million(9.84%)
Ghana：$374.72 million(8.97%)
Guinea - Bissau：$298.82 million(7.15%)
Nigeria：$294.06 million(7.04%)
Togo：$246.29 million(5.89%)
Guinea：$156.41 million(3.74%)
Burkina Faso：$133.51 million(3.20%)
In 2024, global cashew nut exports will mainly be concentrated in African and Asian countries, with Cote d'Ivoire ranking first in the world in terms of export value, followed closely by Cambodia in terms of export value.
Overall, the top ten countries account for the vast majority of global cashew nut exports, indicating a high regional concentration in the global cashew nut export market, especially in West Africa where raw material supply is almost monopolized.
According to Tendata Global Trade Data, the following companies are the largest participants in Global Cashew Nut Exports in 2024:
OLAM INTERNATIONAL LIMITED：$191.01 million(4.57%)
FREE XPORT CROP CO LTD：$162.73 million(3.89%)
OLAM FOOD INGREDIENTS VIETNAM PTE LTD：$148.85 million(3.56%)
SIEM SRIENG CAMBODIA AGRICULTURE CO LTD：$114.94 million(2.75%)
EC AGROTRADE DMCC：$105.51 million(2.53%)
INTERSNACK CASHEW COMPANY PTE LTD：$73.44 million(1.76%)
QUANG POV LENG CO LTD：$72.62 million(1.74%)
MAJESTAR INTERNATIONAL LIMITED：$72.27 million(1.73%)
REAL BLUE INTERNATIONAL PTE LTD：$59.64 million(1.43%)
DC COMMODITY FZCO：$55.01 million(1.32%)
Overall, in the global cashew nut export market in 2024, the concentration of the enterprise market is relatively more dispersed compared to the national market, but large multinational corporations (especially OLAM) still occupy a core position, indicating that enterprises that control processing and global distribution channels have a more competitive advantage in the cashew nut export market.
Market trend:
In the future, cashew nut exports may continue to show a pattern of "African raw material supply+Asian processing and export". Cashew nut exporters need to pay attention to this global division of labor structure to optimize procurement and supply chain layout.
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