The production of cashew nuts in Vietnam exhibited fluctuating trends from 2013 to 2023, with significant variation year-on-year. In 2023, the production stood at 285.45 thousand metric tons. Over the last two years, the year-on-year variation from 2022 to 2023 was relatively stable at 0.75%. The Compound Annual Growth Rate (CAGR) over the last five years, from 2018 to 2023, was 1.39%, indicating a gradual recovery and some level of production stability.
The forecasted data from 2024 to 2028 suggests a continuous but modest growth in production with a forecasted 5-year CAGR of 0.60% and an overall growth rate of 3.05%. The production trend over this period appears to be more stable as compared to the previous years.
Future trends to watch for include potential impacts of climate change on yield, advancements in agricultural technology, and changes in global demand and trade policies which may influence production and export dynamics.
