Over the period from 2013 to 2023, the import of cashew nuts to Germany saw a significant growth, starting at 28.064 million kilograms in 2013 and reaching 61.37 million kilograms in 2023. Year-on-year variations have fluctuated, with a notable peak of 33.6% growth in 2014 and a decline of -10.21% in 2018. The Compound Annual Growth Rate (CAGR) from 2013 to 2023 was 4.8%. Over the last five years, the CAGR has averaged 2.32%, reflecting a stabilization in growth rates.
As we look forward to the period from 2024 to 2028, forecasts suggest a consistent yet moderate growth with a 5-year average forecasted CAGR of 2.32%. By 2028, the value is expected to reach 71.094 million kilograms, signifying a projected 12.15% increase from 2024.
Future trends to watch for include:
- Potential impact of economic fluctuations on consumer demand
- Changes in dietary trends and increasing health consciousness among consumers
- Trade policies and tariffs affecting import costs
- Supply chain disruptions due to geopolitical events or climate change
