In 2023, global cashew exports totaled $6.64 billion in revenue. This figure shows a marginal decline of -0.1% compared to the previous peak of $6.65 billion recorded in 2019. However, year-on-year, exports saw an encouraging growth of 6.9% compared to the $6.22 billion exported in 2022.

Cashews, valued as a popular snack, are harvested from the fruits of large, tropical evergreen trees that can grow up to 46 feet (14 meters) tall. The versatile nut is used in cooking, especially in salad dressings, and is a key ingredient in making cashew butter.

By value, the five leading cashew exporters—Vietnam, Ivory Coast (Côte d'Ivoire), India, Cambodia, and Nigeria—together accounted for 71.9% of the global cashew export market in 2023.

Breaking it down by continent, Asia emerged as the dominant supplier, contributing 50.4% of the global cashew exports with shipments valued at $3.35 billion. Africa followed closely behind with a 39.2% share, while Europe accounted for 9%. Exports from Latin America (excluding Mexico, but including the Caribbean) made up 1%, and North America and Oceania contributed a combined 0.3% and 0.002%, respectively, with Australia leading the latter.

In terms of imports, the five top importers—Vietnam, India, United States, Germany, and Netherlands—together bought about 66.8% of the global cashew imports by dollar value.

When looking at imports by continent, Asia was the largest buyer, with 57.9% of the global cashew imports. Europe followed at 24.4%, while North America and Oceania made up 14.5% and 1.7%, respectively. Africa and Latin America accounted for 1.1% and 0.4% of global imports, excluding Mexico but including the Caribbean.

Leading Cashew Importing Companies in 2024

Here are the top buyers of cashews by company for 2024 in Tendata, with their respective import shares:

1.OLAM Vietnam (Bien Hoa II Industrial Zone) – $276.48 million (4.24%)

2.OLAM Vietnam Food Processing – $247.27 million (3.79%)

3.OLAM Vietnam (Qui Nhon) – $158.94 million (2.44%)

4.Hoang Son I Joint Stock Company – $107.16 million (1.64%)

5.South Kerala Cashew Exporters – $104.98 million (1.61%)

6.Bolas Agro Private Limited – $92.87 million (1.42%)

7.Quynh Trung Agricultural Export Company – $86.3 million (1.32%)

8.Minh Loan Agricultural Import-Export Co., Ltd. – $81.18 million (1.24%)

9.Long Son Joint Stock Company – $77.31 million (1.18%)

10.Jayalaxmi Enterprises – $73.81 million (1.13%)

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Leading Cashew Exporting Companies in 2024

Here are the top suppliers of cashews by company for 2024 in Tendata, with their respective export shares:

1.Olam Food Ingredients Vietnam Pte Ltd – $391.72 million (6%)

2.Olam International Limited – $297.05 million (4.55%)

3.Leng Cheng Export Cambodia Co. Ltd – $248.19 million (3.8%)

4.Free Export Crop Co. Ltd – $169.69 million (2.6%)

5.EC Agrotrade DMCC – $133.95 million (2.05%)

6.Siem Sreing Cambodia Agriculture Co. Ltd – $114.94 million (1.76%)

7.Khon Sokhan Trading Co. Ltd – $94.61 million (1.45%)

8.Real Blue International Pte Ltd – $94.08 million (1.44%)

9.Sedaco DMCC – $83.33 million (1.28%)

10.Valency International Pte Ltd – $82.66 million (1.27%)

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Top Cashew Importers in 2023

The total global spending on cashew imports in 2023 was $6.46 billion, marking a 26.3% increase from $7.2 billion five years earlier in 2019. However, when compared to $8.4 billion in 2022, the total spent on cashew imports dropped by -22.9% year-on-year.

The top 20 cashew importing countries in 2023 by total import value were:

1.Vietnam – $1.39 billion (21.5%)

2.India – $1.36 billion (21%)

3.United States – $843.7 million (13.1%)

4.Germany – $426.6 million (6.6%)

5.Netherlands – $301.4 million (4.7%)

6.Mainland China – $256 million (4%)

7.United Arab Emirates – $158 million (2.4%)

8.United Kingdom – $142.8 million (2.2%)

9.Turkey – $130.1 million (2%)

10.France – $121.4 million (1.9%) ... and others.

The listed top 20 countries accounted for 90.3% of global cashew imports.

The fastest-growing importers since 2022 include Turkey (up 73.1%), Belgium (up 16.8%), Thailand (up 13.2%), Spain (up 11.7%), and Japan (up 9.2%). On the flip side, Saudi Arabia saw the largest decline (down -63.3%), followed by Vietnam (down -41.3%) and India (down -28.7%).

Top Cashew Exporters in 2023

The 20 largest cashew exporting countries in 2023 by export value:

1.Vietnam – $2.5 billion (37.6%)

2.Ivory Coast – $1.2 billion (18.8%)

3.India – $356.6 million (5.4%)

4.Cambodia – $347.9 million (5.2%)

5.Nigeria – $327.5 million (4.9%)

6.Netherlands – $294.1 million (4.4%)

7.Ghana – $256.6 million (3.9%)

8.Tanzania – $219.8 million (3.3%)

9.Germany – $210.8 million (3.2%) ... and others.

Together, these countries accounted for 97.6% of global cashew exports in 2023.

Among these exporters, Cambodia had the most remarkable growth, increasing exports by 2,663%, followed by Benin (up 265.7%) and Nigeria (up 58.5%). The countries showing a decline in exports include United Arab Emirates (down -86%) and Guinea-Bissau (down -66.8%).