Nigeria is a leading exporter of premium quality raw cashew nuts, with an average 48 kernel yield out-turn.
With 19 producing states, is the fourth largest producer of cashew nuts worldwide.
Nigeria is a major and growing player in the cashew industry with rising market share in global cashew production, with an annual average production increase of 5%. Production is projected to go only one way – upwards. By 2030, we will produce 300,000 metric tonnes of cashew.
In 2021, cashew nut exports from Nigeria yielded around 156 million U.S. dollars. The highest value was achieved from trading in unshelled nuts. In the previous year, a lower amount of approximately 119 million U.S. dollars was exported.
Cashew nuts exports from Nigeria has followed a steady decrease since 2017. That year, a peak of around 342 million U.S. dollars was achieved. The country is one of the leading exporters of cashew nuts in Africa.
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