In 2023, the Gross Production of Dry Horse Beans in Brazil was valued at 3.90 million USD PPP. The forecast from 2024 to 2028 shows a steady increase in production value: from 3.91 million USD in 2024 to 3.94 million USD in 2028.
Year-on-year, the growth remains modest, with an approximate annual growth rate of 0.25%. The Compound Annual Growth Rate (CAGR) over these five years is estimated at a minimal increase, emphasizing a stable but slow growth trajectory.
Future trends to watch:
- Potential impacts of climate change on crop yields.
- Shifts in global demand for dry horse beans.
- Technological advancements improving production efficiency.
- Economic conditions influencing agricultural investments.