The export of shelled cashews from Mexico to the US has experienced significant fluctuations over the years. Starting at 245.0 thousand US dollars in 2013, the value saw a mix of growth and declines. Notable growth rates include a doubling in 2018 and consistent but moderate increases from 2019 to 2023. In 2023, the export value stood at 773.0 thousand US dollars. The last five years (2018-2023) averaged a CAGR of 2.78%, indicative of more stable growth compared to earlier periods marked by higher volatility.
Forecasting to 2028, a CAGR of 3.41% is expected, translating to an 18.23% total growth. Year-on-year variations have settled to just over 5% as of 2023, reflecting a more stable market environment.
Future trends to watch for include:
- Potential impacts of global trade policies between Mexico and the US.
- Consumer demand trends for nuts and health-related food products in the US.
- Production capacity and agricultural conditions in Mexico.
- Any significant shifts in competitor countries’ cashew exports to the US.
