Cashew Nut Market in the United States
Market Overview
In 
, the U.S. cashew nut market decreased by -% to $, falling for the third year in a row after two years of growth. Overall, consumption faced a deep setback. Over the period under review, the market attained the maximum level at $ in 2010; however, from 2011 to , consumption stood at a somewhat lower figure.
In value terms, cashew nut production totaled $ in . The total output value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 when the production volume increased by %. Over the period under review, production reached the maximum level at $ in 2013; however, from 2014 to , production failed to regain momentum.
, the U.S. cashew nut market decreased by -% to $, falling for the third year in a row after two years of growth. Overall, consumption faced a deep setback. Over the period under review, the market attained the maximum level at $ in 2010; however, from 2011 to , consumption stood at a somewhat lower figure.In value terms, cashew nut production totaled $
in . The total output value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 when the production volume increased by %. Over the period under review, production reached the maximum level at $ in 2013; however, from 2014 to , production failed to regain momentum.Consumption
In , consumption of cashew nuts decreased by -% to tons, falling for the third consecutive year after two years of growth. In general, consumption faced a deep contraction. Cashew nut consumption peaked at tons in 2010; however, from 2011 to , consumption remained at a lower figure.
The revenue of the cashew nut market in the United States shrank notably to $ in , waning 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 saw a abrupt slump. Over the period under review, the market attained the peak level at $ in 2010; however, from 2011 to , consumption failed to regain momentum.
, consumption of cashew nuts decreased by -% to tons, falling for the third consecutive year after two years of growth. In general, consumption faced a deep contraction. Cashew nut consumption peaked at tons in 2010; however, from 2011 to , consumption remained at a lower figure.The revenue of the cashew nut market in the United States shrank notably to $
in , waning 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 saw a abrupt slump. Over the period under review, the market attained the peak level at $ in 2010; however, from 2011 to , consumption failed to regain momentum.Market Forecast
Depressed by shrinking demand for cashew nut in the United States, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Cashew nut market in the United States consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.Trade Balance
The United States remains a net exporter of cashew nut; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. 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.
. In , there was a significant trade surplus of tons, which was equal to $. 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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