In 2023, Brazil's cashew apple gross production stood at approximately 265 million USD PPP. From 2024, forecasts show a consistent year-on-year decline, starting at 251.06 million USD PPP in 2024 and reducing to 194.78 million USD PPP by 2028. This represents a steady an annual decrease of about 6.1% in nominal terms. The compound annual growth rate (CAGR) from 2023-2028 is approximately -5.9%, indicating a marked decline over the five-year period.
Future trends to watch for include potential market response initiatives, such as adoption of improved agricultural practices, exploration of new market opportunities, or increased investments in value-added products, which could mitigate or reverse declining trends.
