The forecast for the import of cashew nuts to South Korea anticipates a steady increase from 2024 to 2028, starting at 3.5807 million kilograms in 2024 and reaching 3.9236 million kilograms by 2028. In 2023, the actual value stood at 3.4972 million kilograms. The year-on-year percentage variation shows modest growth, with the highest increase observed between 2027 and 2028 at approximately 2.17%. Over the last two years, the average year-on-year growth was around 2.35%, while the compound annual growth rate (CAGR) over the last five years stands at about 2.22%.
Future trends to watch for include potential changes in global supply chains, shifts in consumer preferences towards healthier snacking alternatives, and any impact from trade policies or tariffs that could influence import volumes. Additionally, fluctuations in global cashew prices and competition from alternative nut imports may affect growth.
