The production of cashew nuts in Brazil stood at 138.03 thousand metric tons in 2023. Over the last two years, the year-on-year variation has shown a marginal increase of 0.18%. The Compound Annual Growth Rate (CAGR) over the previous five years was -0.48%, indicating a slight overall decline. However, the forecast for 2024 and beyond suggests a stable and modest upward trend, with the five-year CAGR projected at 0.15% and an overall forecasted growth rate of 0.73% by 2028.
Future trends to watch for:
- Climate change impacts on production stability.
- Technological advancements in agricultural methods.
- Shifts in global demand for cashew nuts and related products.
- Policy changes and government support for the agricultural sector.
