The analysis of India's nuts production from 2014 to 2023 shows fluctuations in yearly outputs, with a notable dip in 2016 and periods of growth in 2015 and 2018. Production in 2023 stood at 1.66 million metric tons. Year-on-year variations reveal mixed trends, including significant growth in 2015 (7.69%) and declines in 2016 (-7.14%) and 2019 (-1.6%). The last two years indicate slight growths of 0.92% in 2022 and 0.85% in 2023. The CAGR over the last five years is relatively low at 0.4%, indicating subdued average growth.
Forecasted data for 2024 to 2028 shows consistent but modest yearly increases, with an expected 5-year CAGR of 0.69% and overall growth of 3.52% by 2028. This suggests a stable yet cautious outlook.
Future trends to watch for include the impact of climate change on crop yields, advancements in agricultural technology, and changes in domestic and international demand. Monitoring these factors will be key to understanding the potential for stronger growth or further stabilization in the nuts production industry in India.
