The import of cashew nuts to Brazil has experienced significant fluctuations over the past decade. Between 2013 and 2018, the values saw sharp rises and falls, with a notable high in 2017 followed by a significant drop in 2018. From 2019 onwards, the import value stabilized somewhat, showing modest year-on-year variations. In 2023, the import of cashew nuts stood at 19.949 million USD. Over the past two years (2022-2023), the import values showed nominal increases, each year around 0.07%. The compound annual growth rate (CAGR) for the last five years (2018-2023) indicated a steady positive trend of 10.15%.
Looking forward to the forecasted data from 2024-2028, the growth of cashew nut imports to Brazil is anticipated to be very modest with a forecast 5-year CAGR of merely 0.06% and a total growth rate of 0.29% over this period.
Future trends to watch for include potential changes in global cashew nut supply and demand dynamics, shifts in Brazil’s import policies, and emerging market preferences, which could all impact the import volumes and values.
