The import of cashew nuts to China displayed significant variability between 2013 and 2023, beginning at $21.319 million in 2013 and rising to $110.71 million in 2023. Over this period, the year-on-year variations ranged widely, from a sharp decline of 52.31% in 2016 to a dramatic increase of 188.66% in 2017. Notably, the last two years showed more stable growth with 4.87% in 2022 and 4.56% in 2023. The Compound Annual Growth Rate (CAGR) over the last 5 years (2019-2023) was 12.56%. Forecasted data predicts this trend to continue with a 5-year CAGR of 2.96% leading to 2028.
Future trends to watch for include potential impacts of changing global trade policies, variations in domestic demand within China, and supply chain disruptions that may influence import quantities and values. Additionally, economic conditions, shifts in consumer preferences, and health trends promoting nut consumption are critical factors that could drive future growth or contraction in imports.
