In 2023, the gross production of dry peas in Brazil stood at an estimated value slightly above that of 2024 projections at approximately 950.0 kUSD in PPP terms. As forecasted from 2024 to 2028, there is a consistent decline in production value annually. The year-on-year variation indicates a reduction ranging approximately between 3-4% annually, reflecting a gradual but consistent negative trend. Over the 5-year period, the compound annual growth rate (CAGR) signifies an annual average decrease of around 3.5%.
Future trends to watch for include the impacts of climate change on agricultural outputs, potential market shifts affecting export demand, and the influence of agricultural policy changes in Brazil. Exploration of diversification into alternative crops or investments in agricultural technology may also impact future trends in dry peas production and economic outcomes.
