In 2023, the yield of cashew nuts in Thailand stood at 14.75 thousand hectograms per hectare. Examining year-on-year data, we notice a series of fluctuations: a peak growth of 1.53% in 2013 followed by several years of decline, interspersed with brief upward trends like in 2017 and 2018. Over the last two years, the yield variation has been minimal, marking a -0.24% decline each year. The CAGR over the past five years indicates a slight decrease of -0.31% per annum.
Future trends suggest a continued gradual decline in cashew nut yield with a forecasted 5-year CAGR of -0.2%. By 2028, this yield is expected to decrease further to 14.57 thousand hectograms per hectare — representing an overall decline of 1% over this period.
Trends to watch for in the future include:
- Potential impact of climate change on agricultural productivity.
- Advancement in agricultural technologies that could offset declines.
- Market demand dynamics for cashew nuts influencing cultivation practices.
- Government policies and support for agricultural sectors.
