The export of shelled cashews from the US to Mexico has seen significant growth from 2013 to 2023, with a particularly strong upward trend starting in 2017. As of 2023, the value stands at $3.01 million USD, reflecting a year-on-year increase of 14.28% and a 5-year CAGR of 25.96%. This trend indicates robust demand and stable market growth over the past decade.
The forecast for 2024 and beyond projects continued growth, albeit at a slightly slower pace with a forecasted 5-year CAGR of 7.31%. By 2028, the export value is expected to grow by 42.31% compared to 2023. This suggests that while growth may decelerate, the market for US-shelled cashews in Mexico remains promising and resilient.
Future trends to watch for include potential impacts of economic conditions in both the US and Mexico, fluctuations in cashew supply and pricing, and evolving consumer preferences for healthy snacks which could further drive demand.
