As of 2023, Brazil imported 22 million kilograms of cashew nuts. Forecasts indicate a steady growth from 2024, reaching 23.468 million kilograms by 2028. The year-on-year percentage variation shows a consistent growth pattern, with slight incremental increases each year. The Compound Annual Growth Rate (CAGR) over this five-year forecast period averages around 1.3%, signifying a modest but steady increase in import volume.
Future trends to watch for include:
- Potential shifts in global demand and supply dynamics impacting cashew nut imports.
- Economic and climatic factors in major cashew-producing countries that might affect production and export capacity.
- Changes in dietary trends and consumer preferences within Brazil, influencing the demand for cashew nuts.