In 2023, Namibia imported coconuts, Brazil nuts, and cashew nuts valued at around 224.5 thousand USD. The forecast for 2024 suggests a growth to 228.23 thousand USD, indicating a year-on-year increase of approximately 1.66%. The projected import values from 2025 to 2028 show a consistent upward trend, reaching 245.03 thousand USD by 2028. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is around 1.81%, reflecting steady growth over the five years.
Future trends to watch for include:
- Potential shifts in global nut demand and supply dynamics.
- Impact of trade policies and tariffs between Namibia and exporting countries.
- Fluctuations in foreign exchange rates affecting import costs.
- Potential breakthroughs in local agricultural production reducing import dependency.
