India's cashew nut production experienced fluctuations from 2013 to 2023, with noticeable declines in 2016 and 2019. The production value in 2023 stood at 802.18 thousand metric tons. Over the past two years, production saw incremental growth, with 2021 and 2022 showing a 6.6% and 1.23% year-on-year increase, respectively. The five-year CAGR from 2023 to 2028 is forecasted at 0.94%, indicating modest growth. The five-year growth rate for this period is expected to be 4.8%.
Future Trends to Watch For:
- Climate change impacts on agricultural yield
- Advances in agricultural technologies
- Shifts in domestic and international demand
- Policy changes affecting agricultural subsidies and supports
- Competitive international market dynamics
