The production of cashew nuts in Mexico has shown a declining trend since 2013, starting from 4.36 thousand metric tons and dropping to 3.6 thousand metric tons by 2023. The YoY variation reflected significant fluctuations, with notable decreases in 2016 (-15.97%) and 2018 (-5.6%), while minor increases in 2017 (4.55%) and 2021 (5.35%) suggested brief recoveries. Over the last five years, the CAGR observed a slight positive shift to 0.24%, reflecting a stabilization in production volumes. Forecast predicts a nominal growth rate of 0.06% with production stabilizing around 3.61 thousand metric tons by 2028.
Future trends to watch for:
• The impact of climate change and weather patterns on cashew production.
• Advances in agricultural technology and innovations that could increase yield.
• Market demand fluctuations and their potential effects on production volumes.
• Government policies and incentives that could influence cashew farming practices.
