Nut production in Brazil reached 198.0 thousand metric tons in 2023. Over the recent years, production has shown volatility, with notable peaks and troughs such as in 2017, 2020, and 2021. The year-on-year variations for 2023 indicated a moderate increment of 1.54%, with a CAGR of 0.93% over the last five years. This ongoing growth is expected to persist with a 1.17% CAGR reaching 213.18 thousand metric tons by 2028, marking an overall increase of 5.97% from 2023 levels.
Future trends to watch for:
- Technological advancements in agriculture which may enhance productivity.
- Climate change impacts, potentially affecting annual yields.
- Market demand shifts influenced by consumer preferences and economic conditions.
- Government policies and trade agreements that could influence international exports and imports.