The export of shelled cashew from Nigeria to Italy is on a steady rise. In 2023, the actual volume stood at 197.8 metric tons. Forecasted figures show an increase, reaching 204.9 metric tons in 2024, and growing annually by approximately 3.7%, 3.4%, 3.2%, and 3.0% respectively, culminating at 233.5 metric tons by 2028.
Future trends to watch for:
- Monitoring global market prices for cashew nuts which might impact demand.
- Potential changes in trade policies between Nigeria and Italy affecting the export volume.
- Developments in Nigeria's agricultural sector to boost productivity and export capacity.
- Consumer preferences and health trends in Italy as they might increase or decrease demand.