In 2023, the export of shelled cashews from India to South Korea stood at 655 Metric Tons. The forecasted data from 2024 to 2028 shows a consistent upward trend, beginning with 672 Metric Tons in 2024 and culminating in 745 Metric Tons in 2028. Year-on-year variations indicate stable growth rates, with increases of approximately 2.8% each year from 2023 to 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is projected to be around 2.6%.
The consistent increase in export volumes suggests a growing demand for Indian shelled cashews in South Korea. Potential future trends to watch for include changes in trade policies, shifts in consumer preferences towards cashew-based products, and fluctuations in cashew production levels in India. Keeping an eye on these factors will provide critical insights for stakeholders looking to navigate this market effectively.
