Cashew Nut Market in Chile
Market Overview
In 
, the Chilean cashew nut market decreased by -% to $, falling for the second year in a row after five years of growth. In general, consumption, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2011 with an increase of % year-to-year. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption failed to regain the momentum.
In value terms, cashew nut production rose sharply to $ in estimated in export prices. Overall, production showed a noticeable slump. The most prominent rate of growth was recorded in 2015 when the production volume increased by % against the previous year. Cashew nut production peaked at $ in 2007; however, from 2008 to , production failed to regain the momentum.
The average yield of cashew nuts in Chile totaled kg per ha in , remaining constant against the previous year's figure. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In, the total area harvested in terms of cashew nuts production in Chile was estimated at ha, remaining constant against the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern.
, the Chilean cashew nut market decreased by -% to $, falling for the second year in a row after five years of growth. In general, consumption, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2011 with an increase of % year-to-year. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption failed to regain the momentum.In value terms, cashew nut production rose sharply to $
in estimated in export prices. Overall, production showed a noticeable slump. The most prominent rate of growth was recorded in 2015 when the production volume increased by % against the previous year. Cashew nut production peaked at $ in 2007; however, from 2008 to , production failed to regain the momentum.The average yield of cashew nuts in Chile totaled
kg per ha in , remaining constant against the previous year's figure. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.In
, the total area harvested in terms of cashew nuts production in Chile was estimated at ha, remaining constant against the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern.Consumption
In , consumption of cashew nuts in Chile reduced to tonnes, with a decrease of -% against the previous year's figure. In general, consumption, however, posted a perceptible expansion. The pace of growth was the most pronounced in 2011 with an increase of % against the previous year. Over the period under review, consumption hit record highs at tonnes in 2019, and then declined in the following year.
The revenue of the cashew nut market in Chile dropped to $ in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted strong growth. The pace of growth was the most pronounced in 2011 when the market value increased by % y-o-y. Cashew nut consumption peaked at $ in 2018; however, from 2019 to , consumption remained at a lower figure.
, consumption of cashew nuts in Chile reduced to tonnes, with a decrease of -% against the previous year's figure. In general, consumption, however, posted a perceptible expansion. The pace of growth was the most pronounced in 2011 with an increase of % against the previous year. Over the period under review, consumption hit record highs at tonnes in 2019, and then declined in the following year.The revenue of the cashew nut market in Chile dropped to $
in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted strong growth. The pace of growth was the most pronounced in 2011 when the market value increased by % y-o-y. Cashew nut consumption peaked at $ in 2018; however, from 2019 to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for cashew nut in Chile, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Over the period under review, the share of imports in terms of total cashew nut consumption in Chile was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Chile cashew nut market is largely supplied by domestic manufacturers.
% figure. In value terms the share of imports also stood at a low figure, which means that the Chile cashew nut market is largely supplied by domestic manufacturers.Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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