How About Indian Cashew Exports?

tendata blogTrade Data

ten data blog01-03-2024

With its diverse agricultural landscape, India has emerged as a significant participant in the global cashew trade. The country's climatic conditions and skilled workforce contribute to the production of high-quality cashews, making it a lucrative export sector. Cashew cultivation is widespread in India, particularly in the coastal regions of states such as Maharashtra, Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Goa, Odisha, West Bengal, and parts of the northeastern region.


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Abundant Cashew Production in India:

India is one of the world's largest producers of cashews, with states like Andhra Pradesh, Maharashtra, and Odisha taking the lead. The tropical climate in the country is highly conducive to cashew cultivation. This surplus production meets domestic demand and opens doors for exports to various international markets.


Reportedly, the cashew agriculture area in India covers 700,000 hectares, yielding over 800,000 tons (MT) annually. The production increased from 700,000 tons in the fiscal year 2019-20 to 770,000 tons in the fiscal year 2021-22.


However, due to the increasing demand for cashews driven by their nutritional value and versatility, the production volume continues to rise. Cashews are not only consumed as snacks but also used in various culinary applications, such as confectionery, baking, and cooking. With its capacity for large-scale production, India is well-positioned to capitalize on the growing global demand.


Trends in Indian Cashew Exports:

India primarily exports cashews and a small quantity of cashew shell liquid. According to cashew export data, the export value for cashews in the fiscal year 2022-23 was $3.6319 billion, representing a decrease of 19.84% from $4.531 billion in the previous fiscal year 2021-22. During the period from April to July 2023, the total cashew exports amounted to $1.1051 billion.


India stands as the world's largest exporter of cashews, contributing to over 15% of the global export volume. The export value of cashews increased by 7% in the fiscal year 2021-22, rising from $4.2 billion in 2020-21 to $4.52 billion. According to Indian cashew export data, from April to August 2022, cashew exports amounted to $134.38 million.


In terms of quantity, India's cashew exports grew by 9%, from 70.5 million kilograms in 2020-21 to 76.8 million kilograms in 2021-22. The cashew export volume for the period from April to August 2022 was 18 million kilograms. In March 2022, the country exported cashews worth $40 million, higher than $33.6 million in February 2022.


Cashew Export Destinations:

Cashews from India are exported to over 60 countries globally. According to Indian cashew export data, the United Arab Emirates (UAE) is the largest importer of Indian cashews, valued at $131.5 million, constituting 29% of the total export value in the fiscal year 2021-22, an increase from $98.5 million in the previous year. In terms of quantity, India exported a total of 16.6 million kilograms of cashews to the UAE, a 29% increase from the previous year's 12.8 million kilograms.


According to Indian trade data, Japan and the Netherlands are the second and third-largest importers of Indian cashews, accounting for 13% and 9% of the total cashew export value, respectively. The value of cashew kernels and cashew shell liquid exported to Japan and the Netherlands is $58.1 million and $41.1 million, respectively.


According to Indian import-export data, the top ten importing countries of Indian cashews account for 84% of the overall export value. The significant growth in cashew exports to various destinations has contributed to the economic growth of major cashew-producing states in India and created employment opportunities.


Primary Types of Indian Cashew Exports:

Some of the main types of cashew exports from India include cashew kernels, flavored cashews, roasted cashews, cashew butter, cashew oil, and cashew milk. These are just a small fraction of the numerous cashew product types shipped from India. The Indian cashew industry will continue to delight consumers worldwide with its diverse and delicious products, ongoing innovations, and adaptation to market trends.


The Future of the Indian Cashew Industry:

According to data from Indian cashew exporters, the Indian cashew market is expected to have a compound annual growth rate of 3.80% from 2023 to 2028, increasing from $2.31 billion in 2023 to $2.79 billion in 2028. As per the Indian Brand Equity Foundation (IBEF), the cashew business will have a significant economic impact, employing a million people in rural farms and factories. With a cashew agriculture area covering 700,000 hectares and an annual production exceeding 800,000 tons (MT), the prospects for the Indian cashew industry are promising.


Overall, due to increasing demand, technological developments, focus on sustainability, and strategic brand building, the future of the Indian cashew business looks bright. By addressing these challenges and fully leveraging its potential, Indian cashew exporters may continue to thrive for years, establishing India as synonymous with high-quality, ethically sourced, and delicious cashews.



Conclusion:

The Indian cashew export industry offers vast opportunities for entrepreneurs, farmers, and traders. With a high emphasis on quality, a wide product selection, government assistance, and the continuously growing global demand, the industry is poised for further expansion. India can strengthen its position as a key player in international cashew trade by seizing these opportunities and staying vigilant to market developments. For the latest market reports on cashews, Tendata is the best customs data platform. You can analyze Indian trade data, cashew export data, and more. Have further questions? Contact our data experts now to schedule a free demonstration!



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Analyze the market frontier trend by analyzing the market demand in different regions, plus comparing the price of the products, so as to choose the target market with high profit and high demand; at the same time, according to the import and export data query to understand the market distribution of the products and the trend of change, and adjust the market strategy in a timely manner.


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