In 2023, Indonesia’s nuts production stood at 528.0 thousand metric tons. Over the previous two years, the year-on-year growth rates were 0.96% in 2023 and 1.16% in 2022. The latest Compound Annual Growth Rate (CAGR) over the last five years was 0.93%.
Examining a longer horizon from 2014 to 2023, notable annual growth variances included an impressive 12.96% in 2015, followed by a downturn of -4.06% in 2020 due to various market disruptions. Most of the subsequent years saw positive but modest growth rates, stabilizing under 2% annually. From 2024 through 2028, forecasted data predicts a CAGR of 0.77%, leading to a 3.92% overall growth by 2028.
Future trends to watch for include potential impacts of climate change on agricultural productivity, shifts in global demand for nuts, advancements in agricultural technology, and domestic policy changes that could influence production efficiency and export capabilities.
