In 2023, Brazil imported approximately 150 million kilograms of soya beans. From 2024 to 2028, imports are projected to decline progressively from 143.97 million kilograms to 96.028 million kilograms. Year-on-year percentage decreases show a gradual reduction, reflecting a negative trend in the volume of soya beans imported. This is indicative of a compounded annual growth rate (CAGR) that demonstrates an average yearly decrease over this forecasted period.
Future trends to watch for:
- Possible increases in domestic soya bean production, reducing dependence on imports.
- Impact of international trade agreements and tariffs on import volumes.
- Changes in global soya bean prices influencing Brazil's import decisions.