In 2023, the import value of coconuts, Brazil nuts, and cashew nuts to Madagascar was at USD XX.XX thousand. Forecasted data from 2024 to 2028 show a steady increase in the import value, starting at USD 80.03 thousand in 2024 and reaching USD 88.97 thousand by 2028. The year-on-year growth maintains a consistent upward trend, averaging around 2.4% annually.
The Compound Annual Growth Rate (CAGR) for the 2024-2028 period stands at approximately 2.4%, reflecting a stable market demand and potential for further growth in this sector.
Future trends to watch for:
- Potential fluctuations in global nut prices that may impact import values.
- Changes in local consumption patterns owing to economic shifts or dietary trends.
- The impact of any alterations in trade agreements or import tariffs that could affect cost and demand.