Tomato market volume in Brazil has shown a slight decline, with the volume standing at 3.87 million metric tons in 2023. Notably, from 2014 to 2023, the market experienced fluctuations, with notable declines observed in 2015 (-3.36%) and 2020 (-5.24%). Despite some recovery in certain years, such as 2017 (2.87%) and 2021 (5.02%), the overall trend has been downward. The Compound Annual Growth Rate (CAGR) over the past five years until 2023 is -0.11%, indicating a gradual reduction in market volume.
Future trends to watch for:
- Continued slight decline in market volume, projected at a CAGR of -0.19% over the next five years.
- Potential impact of technological advancements and changes in agricultural practices.
- Shifts in domestic consumption patterns and export dynamics.
- Environmental factors and policies affecting agricultural productivity.