In 2023, Brazil's gross production of primary vegetables and fruits was valued at $19.503 billion USD in PPP terms. Forecasts from 2024 to 2028 show a gradual increase each year: from $19.521 billion in 2024 to $19.591 billion in 2028. The year-on-year growth rate is consistently modest, around 0.09% to 0.11%. Compounded annually, this results in a CAGR of approximately 0.09% over these years.
Future trends to watch for:
- Climate change impacts on crop yields and water availability.
- Technological advancements in agriculture and logistics.
- Government policies affecting agricultural exports and sustainability practices.
- Shifts in global demand and trade agreements impacting international markets.