Thailand's cashew nuts production has shown a consistent downward trend over a long period. In 2023, production stood at 14.2 thousand metric tons. This represents a year-on-year decline of 6.47% and a CAGR of -6.14% for the last five years. Looking at the forecasts, the production is expected to decline further, reaching 9.07 thousand metric tons by 2028, with a forecasted five-year CAGR of -7.13% and an overall decrease of 30.9% over this period.

Future trends to watch for:

Climate change impact: Changes in weather patterns could further affect cashew nut production.
Market demand shifts: Fluctuations in global demand may influence production levels.
Technological advancements: Innovations in agricultural practices might arrest or slow the decline.
Policy interventions: Government policies promoting sustainable farming could affect future yields.