In 2023, the UK imported 24.386 million kilograms of cashew nuts, a steady rise from 22.961 million kilograms in 2020. The import volume saw year-on-year variations: from an increase of 10.52% in 2015 to a slight decrease of 5.22% in 2018. Despite these fluctuations, the five-year CAGR from 2018 to 2023 stood at 2.62%, indicating moderate growth. The forecasted import volume for 2028 is 26.577 million kilograms, with an anticipated five-year CAGR of 1.36% and a projected growth rate of 6.98% from 2024.
Future trends to watch for:
- Emerging market demands and changing consumer preferences.
- Potential impacts of trade policies and tariffs.
- Sustainability practices and supply chain challenges in cashew nut production.
