The African nuts market has experienced a declining trend in volume from 2014 through to 2023, with the volume standing at 953.0 Thousand Metric Tons in 2023. The market has demonstrated consistent decreases over the decade, notably a significant drop of -8.81% in 2015 and a year-on-year decline of -1.24% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years has been -1.52%. Forecasted data indicates the market will continue its downtrend, reducing to 889.0 Thousand Metric Tons by 2028, with a future 5-year CAGR of -1.09%.
Trends to watch for:
- Emerging market demands and shifts in consumer preferences.
- Impact of economic policies and trade regulations.
- Environmental factors influencing nut production and supply chain dynamics.
