In 2023, the import value of prepared or preserved groundnuts to Brazil stood at an estimated level, as 2024 data marks the beginning of the forecast period. The projected trend from 2024 to 2028 shows a consistent decrease in import values, from 214.28 to 127.91 thousand US dollars. The year-on-year variations reflect a declining trend, with a compound annual growth rate (CAGR) indicating a negative average annual change over this five-year span.
Future trends to watch for include:
- Potential shifts in global groundnut production affecting import reliance.
- Domestic policies promoting local groundnut processing and preservation.
- Economic factors influencing Brazilian purchasing power and import dynamics.
- The impact of trade agreements and tariffs on import costs.
