In 2023, Brazil's groundnuts export volume stood at approximately 374.0 thousand metric tons. From 2024 to 2028, the forecasted data reveals a consistent growth trajectory from 389.31 to 449 thousand metric tons. This indicates a compound annual growth rate (CAGR) of approximately 3.62% over five years. Between 2024 and 2025, a year-on-year increase of 3.95% is anticipated, followed by a 3.73% increase from 2025 to 2026, a 3.51% rise from 2026 to 2027, and finally a 3.34% increase leading into 2028. Such sustained growth points to an expanding export market.
Future trends to watch for include:
- Global economic conditions affecting demand for Brazilian groundnuts.
- Changes in international trade policies and agreements.
- Fluctuations in currency exchange rates impacting competitiveness.
- Developments in agricultural technology boosting production efficiency.
