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Tanzania Cashew Market Size (2024 - 2029)

The Tanzania cashew market is poised for growth, driven by the country's status as a leading producer in Africa and globally. The market's expansion is supported by favorable climatic conditions and government initiatives aimed at significantly increasing production. Tanzania's unique harvest timing offers a competitive edge, allowing for higher pricing in the international market. The country's cashews, known for their large size and high yield, command a strong export value, contributing significantly to the market's growth trajectory.

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Market Size of Tanzania Cashew Industry

Tanzania Cashew Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 690.97 Million
Market Size (2029) USD 860.25 Million
CAGR (2024 - 2029) 4.48 %

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Tanzania Cashew Market Analysis

The Tanzania Cashew Market size is estimated at USD 690.97 million in 2024, and is expected to reach USD 860.25 million by 2029, growing at a CAGR of 4.48% during the forecast period (2024-2029).

Tanzania is one of the largest producers of cashew nuts in Africa and in the world. It is one of the major cash crops grown in the country. The country holds the eighth position in the world and fourth in Africa for the production of cashews. According to the International Nut and Dried Fruit Council, in 2020, cashew nut global output was 4.1 million metric tons, of which more than half came from Coast and Guinea-Bissau. India and Vietnam were the other main producers besides Tanzania.

The favorable climatic conditions, along with government support, are the factors that drive the growth of the cashew market in Tanzania. The government aims to triple cashew nut production over the next four to five years. Additionally, the harvest season of Tanzania matches with the off-season for the supply of cashews from India and West Africa, which provides a competitive advantage, thereby allowing the sale of the produce at higher prices.

Moreover, Tanzania has one of the largest-sized nuts with a very high natural yield per hectare, providing a good export value for Tanzanian cashews in the international market. Cashew nuts are Tanzania's most exported cash crop, generating USD 159 million in 2021. The major export countries are Vietnam, India, and China. Thus, the high export value of Tanzanian cashews is expected to boost the growth of the market over the forecast period.

Tanzania Cashew Industry Segmentation

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 Tanzanian cashew market is segmented by production analysis, consumption analysis by value and volume, import analysis by value and volume, export analysis by value and volume, and price trend analysis. The report offers the market size and forecasts in terms of volume (in metric tons) and value (in USD thousand) for all the above segments.

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Tanzania Cashew Market Size Summary

The Tanzania cashew market is a significant contributor to the country's economy, being one of the largest producers of cashew nuts globally and a major cash crop within Tanzania. The country ranks eighth in the world and fourth in Africa for cashew production, benefiting from favorable climatic conditions and supportive government policies. These factors have positioned Tanzania as a competitive player in the international cashew market, particularly due to its harvest season aligning with the off-season supply from other major producers like India and West Africa. This timing advantage allows Tanzanian cashews to command higher prices in the global market. The high quality and larger size of Tanzanian cashews further enhance their export value, making them a crucial component of the country's foreign exchange earnings.

The government's strategic initiatives aim to significantly boost cashew production and processing capabilities, with plans to triple production in the coming years. This includes supporting local processors and investing in agricultural inputs to enhance yield and sustainability. The Mtwara and Lindi regions are pivotal to this growth, contributing the majority of the national production. With 90% of the crop exported, primarily in raw form, Tanzania's cashew industry is poised for expansion, driven by increasing global demand and strategic investments in processing facilities. These efforts are expected to enhance the value-added export potential and create employment opportunities, further solidifying Tanzania's position in the global cashew market.

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Tanzania Cashew Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Value Chain/Supply Chain Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Production Analysis

    2. 2.2 Consumption Analysis (Volume and Value)

    3. 2.3 Import Market Analysis (Volume and Value)

    4. 2.4 Export Market Analysis (Volume and Value)

    5. 2.5 Price Trend Analysis

Tanzania Cashew Market Size FAQs

The Tanzania Cashew Market size is expected to reach USD 690.97 million in 2024 and grow at a CAGR of 4.48% to reach USD 860.25 million by 2029.

In 2024, the Tanzania Cashew Market size is expected to reach USD 690.97 million.

Tanzania Cashew Market Report Snapshots

Tanzania Cashew Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)