Ghana’s export earnings from cashew-in-shell saw a significant decline in 2023, reaching $225 million compared to previous years. Industry experts attribute the downturn to fluctuating global demand, pricing volatility, and logistical challenges that affected shipments. The decline raises concerns about the country’s competitiveness in the cashew sector, prompting calls for enhanced value addition and policy interventions to boost processing and export earnings
With 19 market destinations and a global market share of 8.5%, Ghana‘s export of Cashew In-shell declined from US$239.2 million in 2022 to US$225.7 million in 2023, the Ghana Exports Promotion Centre has revealed.
According to its report, India was the largest importer of Ghanaian Cashew In-shell.
Similarly, Ghana ranked 3rd in the order of countries that exported Cashew In-shell to the world in 2023 and the leading exporter of Cashew In-shell to India
Ghana’s exports of Cashew In-shell to India grew by an average of 2% between 2019 and 2023. Globally, the Indian market imported about US$1.34 billion of Cashew in-shell in 2023, registering a decline against the 2022 figure of US$1.89 billion.
India was also the leading importer of Cashew in-shell in the world in 2023. Other key suppliers of the product to the Indian market were Cote d’Ivoire (17.1%), Togo (13.6%) and Tanzania.
Whilst exports of Cashew in-shell from Ghana to India declined in value by 3% in 2023 compared to 2022, Ghana registered a positive export growth of 31%, 5,173% and 72% in value to Vietnam, China and Germany.
Again, between 2019 and 2023, exports to Germany registered growth of 69% and 21% in quantity and value respectively.
Last Updated on March 22, 2025 by samboad
