Between 2013 and 2023, the import of cashew nuts to Egypt experienced significant fluctuations. The value stood at $7.5235 million in 2023, indicating a steady rise from 2017 but moderate growth in recent years. The average yearly variation over the last five years (CAGR) was -0.27%, reflecting a relatively flat growth trajectory. Notably, from 2021 to 2022, there was a subtle increase of 1.14%, followed by a 1.1% rise in 2023.
The future forecast from 2024 to 2028 anticipates modest growth, with a 5-year CAGR of 0.79%, equating to an overall growth rate of 4.02% by 2028. This suggests a stable but slow upward trend in the foreseeable future.
Future trends to watch for:
- Fluctuations in global cashew nut supply and prices.
- Egypt's domestic policies impacting import regulations and taxes.
- Consumer demand shifts and health trends influencing market size.
- Currency exchange rates which can affect import costs.
