In 2023, the import of cashew nuts to the US stood at 169.85 million kilograms. Forecasts indicate a steady increase in the import volume: 172.52 million kilograms in 2024, 175.39 million kilograms in 2025, 178.21 million kilograms in 2026, 180.96 million kilograms in 2027, and 183.67 million kilograms in 2028. This denotes a year-on-year growth in the import volumes.
Year-on-year variations over the last two years are minor but positive, indicating steady growth. From 2023 to 2024, the increase is about 1.57%. This growth is consistent across the subsequent years: from 2024 to 2025 (1.66%), from 2025 to 2026 (1.61%), from 2026 to 2027 (1.54%), and from 2027 to 2028 (1.50%). The compound annual growth rate (CAGR) over the last five years averages around 1.57%.
Future trends to watch for include potential disruptions in supply chains, which may arise from geopolitical instability or climate change impacts on major cashew-producing countries. Additionally, changes in consumer preferences and health trends could significantly influence demand dynamics. Monitoring these factors will be crucial for a comprehensive understanding of the market trajectory.
