Cashew Nut Market Overview in Argentina
In value terms, cashew nut production stood at $3.3K in 2010 estimated in export prices. The total output value increased at an average annual rate of +4.3% over the period from 2007 to 2010; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 with an increase of 4.4% y-o-y. In that year, cashew nut production attained its peak level and is likely to continue its growth in the immediate term.
Average yield of cashew nuts in Argentina stood at 0 kg per ha in 2010, remaining constant against the previous year. In general, the cashew nut 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.
In 2010, approx. 0 ha of cashew nuts were harvested in Argentina; approximately equating the previous year. In general, the cashew nut harvested area continues to indicate a relatively flat trend pattern.
The revenue of the cashew nut market in Argentina amounted to $204 in 2010, picking up by 40% 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). In general, cashew nut consumption continues to indicate an outstanding expansion. The growth pace was the most rapid in 2008 when the market value increased by 317% year-to-year. Over the period under review, the cashew nut market reached its peak figure level in 2010 and is likely to continue its growth in the near future.