Market Snapshot
| Study Period: | 2017-2027 |
| Base Year: | 2021 |
| CAGR: | 5.5 % |
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Market Overview
The Tanzanian cashew market is projected to register a CAGR of 5.5% during the forecast period (2022-2027).
Globally, Tanzania witnesses the largest consumption of cashew. However, due to COVID-19, the price of cashew fell to the lowest it had been in the last 10-12 years.
Cashew nuts are the most exported cash crop in Tanzania, generating USD 353.1 million in 2019. The government aims to triple cashew nut production over the next four to five years.
According to the International Nut and Dried Fruit Council, in 2017-2018, cashew nut global output was 3.3 million metric ton, of which more than half came from Coast and Guinea-Bissau. India and Vietnam were the other main producers, together with Tanzania.
Scope of the Report
Cashew nuts are edible kidney-shaped nuts, rich in oil and protein, and are roasted and shelled before being eaten. Oil extracted from the shell is used as a lubricant in the production of plastics. The study of the cashew market analyzes the production (by volume), consumption (by value and volume), and trade in terms of import (by value and volume), export (value and volume), and price trend analysis. Raw cashew nuts (in-shell) have been considered while collecting data for production and trade.
Key Market Trends
Increasing Government Support and Growing Production are Driving the Market
The Government of Tanzania (GoT) aims to triple cashew nut production in the country to 1 million metric ton over the next four to five years.
According to the Cashewnut Board of Tanzania, Tanzania has a substantial potential to extend production and increase the amount and add value to domestically processed cashew nuts beyond the current 10% while also making use of by-products. Tanzania is one of the major cashew-producing countries in Africa. Major cashew growing areas in Tanzania include Mtwara, Lindi, Ruvuma, and Tanga. Among these regions, the Mtwara and Lindi regions contribute more than 87% to the national cashew production.
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Increasing Exports of Shelled Cashew
Cashew nuts are the most exported cash crop in Tanzania, generating USD 356.2 million in 2020. The Government aims to triple cashew nut production over the next four to five years. Tanzania's cashew nuts production reached 232,681.0 metric ton in 2020, compared to 264,238.0 metric ton in 2017, increasing by 50%. Tanzania's cashew exports cater to the various Asian countries. Vietnam and India are the major countries to import raw cashew nuts from Tanzania. With the increasing demand for cashew globally, exports are increasing from Tanzania.
Recent Developments
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Table of Contents
1. INTRODUCTION
1.1 Market Definition and Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
5. MARKET SEGMENTATION
5.1 Production Analysis
5.2 Consumption Analysis (Volume and Value)
5.3 Import Market Analysis (Volume and Value)
5.4 Export Market Analysis (Volume and Value)
5.5 Price Trend Analysis
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
7. IMPACT OF COVID-19 ON THE MARKET
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Frequently Asked Questions
What is the study period of this market?
The Tanzania Cashew Market market is studied from 2017 - 2027.
What is the growth rate of Tanzania Cashew Market?
The Tanzania Cashew Market is growing at a CAGR of 5.5% over the next 5 years.
