Forecast: Nuts Export Volume in India

India's nuts export volume has shown a declining trend from 2014 to 2023. In 2023, the export volume was 313 thousand metric tons, down from 469 thousand metric tons in 2014. The year-on-year variation for 2023 was -2.49%, and the CAGR over the last five years was -1.87%. The trend indicates a consistent decrease in export volume, with notable drops in 2015 and 2016 (-11.73% and -14.49%, respectively). Although there was a brief recovery in 2017 (14.41%), the overall trend remained negative.

Between 2024 and 2028, the forecasted data suggests a continued downward trajectory. The forecasted five-year CAGR is -2.42%, with an expected decrease of 11.51% over the five-year period.

Future Trends to Watch For:

  • Market Demand Changes: Shifts in global demand for nuts, particularly in high-consumption regions like the USA and Europe, could significantly impact export volumes.
  • Agricultural Policies: Changes in India's agricultural policies, subsidies, and export incentives may alter production and export dynamics.
  • Climate Change: The impact of climate change on nut production, including potential changes in yield and quality, will be a critical factor.
  • Trade Agreements: New trade agreements or modifications to existing ones with key importing countries might influence export volumes.

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