The demand for nuts in Brazil has experienced volatile growth over the past decade, with significant fluctuations observed between 2014 and 2023. In 2023, the demand stood at 165.0 thousand metric tons, marking a 2.48% increase year-on-year. Notably, the compound annual growth rate (CAGR) from 2019 to 2023 was 2.48%, signifying moderate but steady growth in recent years. From 2014 to 2017, the market saw high volatility, with a major dip in 2016 followed by a sharp increase in 2017. However, since 2018, the market has shown more stable growth rates, albeit with occasional minor declines.
Looking forward, the forecasted data suggests a continued positive trend, with demand projected to reach 182.59 thousand metric tons by 2028. The forecasted 5-year CAGR is 1.61%, indicating a steady, albeit modest, rise. The anticipated growth rate over the next five years is 8.31%, reflecting confidence in a sustained increase in demand.
Future trends to watch for include:
