The forecasted gross production of cashew nuts in Indonesia shows a consistent increase from 2024 to 2028. In 2023, the production value stood at $162.89 million USD PPP. The year-on-year variation indicates a steady growth trend with each subsequent year. Specifically, production grows by approximately 1.30% in 2024, 1.30% in 2025, 1.27% in 2026, 1.23% in 2027, and 1.20% in 2028. The Compound Annual Growth Rate (CAGR) over the next five years is around 1.26% per year, demonstrating a stable yet moderate increase.
Future trends to watch for include:
- The impact of climate change on production volumes and quality.
- Market demand fluctuations driven by international trade policies and economic conditions.
- Technological advancements in farming and processing that might affect yield.