From 2013 to 2023, the import of cashew nuts to India has shown a fluctuating but generally upward trend. In 2023, the value of imports stood at 2088.1 Million USD. The year-on-year variation in 2022 was a 4.21% increase, with the previous year reflecting a 3.96% increase. The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 is 3.62%
Future trends to watch for include:
- Continuous growth is expected with a forecasted 5-year CAGR of 2.6%, suggesting a moderate but steady rise in imports.
- Potential impact of domestic supply chain improvements and production increases could alter import levels.
- International trade policies and tariffs may impact the cost and volume of imports.
- Consumer health trends and preference shifts towards plant-based diets may increase demand for cashew nuts.