Cashew Nut Market Overview in Argentina
In value terms, cashew nut production amounted to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. Argentina production peaked in 2019 and is likely to continue growth in the near future.
In 2019, the average cashew nut yield in Argentina stood at kg per ha, almost unchanged from the year before. Overall, the yield continues to indicate 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.
The cashew nut harvested area in Argentina stood at ha in 2019, remaining relatively unchanged against the year before. Over the period under review, the harvested area saw a relatively flat trend pattern.
The revenue of the cashew nut market in Argentina fell dramatically to $ in 2019, 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). Over the period under review, consumption saw a drastic downturn. The pace of growth was the most pronounced in 2008 when the market value increased by % y-o-y. Over the period under review, the market reached the peak level at $ in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.