The import of cashew nuts to France has seen a positive trend over the past decade, with values steadily rising from $66.369 million in 2013 to $154.55 million in 2023. The year-on-year growth has varied, with notable peaks such as a 35.52% increase in 2017. The cumulative average growth rate (CAGR) over the past five years sits at 3.74%, indicating the momentum has slightly slowed down but remains robust. Forecasted data suggests continued growth, reaching an estimated $182.62 million by 2028, underpinned by an average CAGR of 2.63% over the next five years.
Future trends to watch for include:
• Innovations in sustainable farming practices and supply chain improvements that could impact prices and import volumes.
• Shifts in consumer preferences, including dietary trends and the rising popularity of plant-based diets, which could further drive demand.
• Economic factors such as international trade policies and currency fluctuations could affect import costs and volumes.
