The actual cashew nuts yield in China for 2023 stood at 15.01 thousand hectograms per hectare. From 2013 to 2016, yields showed significant volatility with a notable decrease, followed by a gradual recovery beginning in 2017. This recovery continued with moderate yearly increases, peaking at a 2.91% year-on-year increase in 2023.
Looking at the last two years leading into 2023, the yield experienced slight positive changes, 3.05% in 2022 and 2.91% in 2023. Over the last five years, the compound annual growth rate (CAGR) has averaged 3.03%, indicating a steady, though modest, improvement in yield efficiencies.
Future trends to watch for include:
- Forecasted CAGR over the next five years stands at 1.97%, suggesting slower growth but a steady upward trend overall.
- Given the forecasted growth rate of 10.23% over the next five years, technological advancements and agricultural practices could play significant roles in yield improvement.
