By the end of 2023, the cloves residuals in Brazil stood at -2000 metric tons. Forecasts suggest a decrease in negative residuals, with a sustained level of -2000 metric tons in 2024 and 2025, then improving to -1000 metric tons from 2026 to 2028. This gradual shift indicates a reduction of residuals over the forecast period. Year-on-year, 2025 mirrors 2024, while 2026 through 2028 show significant improvement. The compounded annual growth rate (CAGR) over this period reflects a positive average change, indicating a possible plateau by 2028.
Future trends to watch for:
- The impact of changing agricultural practices on cloves production and residuals.
- Global demand fluctuations for cloves affecting local markets.
- Potential technological advancements in agriculture that could further decrease residuals.