Key Market Indicators
Brazilian biofuel demand is projected to reach approximately 870,000 barrels of oil equivalent per day by 2028, up from around 795,000 barrels in 2023. This marks an average annual growth rate of 1.4%. Since 1995, the country's biofuel demand has seen an average yearly increase of 0.6%. On the production side, Brazil's biofuel output is expected to hit nearly 887,000 barrels of oil equivalent per day by 2028, compared to about 831,000 barrels in 2023. This represents an average annual growth rate of 1%. Since 1995, Brazilian biofuel production has grown at an average rate of 0.7% per year. These projections underscore the steady rise in both demand and production of biofuels in Brazil over the past decades and into the near future.
