In 2023, Brazil imported an actual volume of locust beans and seeds at a level preceding the forecasted data for 2024. Between 2024 and 2028, the forecast projects a steady increase, starting at 122.68 thousand kilograms in 2024 and reaching 140.13 thousand kilograms by 2028.
Key trends and variations:
- A year-on-year growth is anticipated, with an average annual percentage increase of approximately 3.46% from 2024 to 2028.
- Compound annual growth rate (CAGR) over the five-year forecast period is estimated around 3.41%.
Future trends to watch for include potential shifts in global demand for locust products, Brazil's agricultural policies affecting imports, and international trade regulations that could impact the forecasted growth in imports. Continuous monitoring of these factors is essential to adapt strategies accordingly.
