The export volume of nuts in Brazil has shown fluctuating trends over the past decade, with a significant decline from 73.0 thousand metric tons in 2014 to 59.0 thousand metric tons in 2023. The year-on-year variation saw the highest decline of 27.94% in 2017 followed by a substantial recovery in 2018 with a 36.73% increase. However, the subsequent years have indicated a general downward trend with periodic minor recoveries, highlighting an overall negative compound annual growth rate (CAGR) of -2.51% over the last five years. In 2023, the volume stood at 59.0 thousand metric tons, marking a slight decrease of 1.67% compared to 2022.
Looking ahead, the forecasted data from 2024 to 2028 projects a continued decline albeit at a slower pace, with an average annual decrease of -1.05% and an overall growth rate of -5.14% over the next five years. This indicates a moderately negative outlook for Brazil's nut export volume in the near future.
Future trends to watch for include potential changes in global demand, shifts in production capacity within Brazil, and the impact of environmental factors such as climate change on crop yields. Monitoring these variables can provide better insights into the long-term prospects of Brazil's nut export industry.