Cashew Nut Market in Chile
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 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.