The data on shelled cashew exports from Brazil to Mexico reveals a fluctuating trend from 2013 to 2023. In 2023, the export value stood at $5.96 million USD. Despite some years experiencing significant declines—such as 2019 and 2020—the overall export value has shown recovery and growth, especially from 2021 onwards.
Key observations include:
- A significant decline in 2016 and 2020, with year-on-year variations of -17.64% and -33.42% respectively.
- A strong recovery in 2021 and 2023, with increases of 51.98% and 9.57% in export values year-on-year.
- The 5-year CAGR from 2023 to 2028 is forecasted at 1.6%, with the export value projected to reach $6.60 million by 2028.
Future trends to watch for include potential market fluctuations influenced by global supply chain dynamics, trade policies between Brazil and Mexico, and changes in cashew production efficiency. Monitoring yearly export variations will be crucial to understand market stability and growth.
