Forecast: Direct On-Farm Energy Consumption in Brazil

Examining the data on direct on-farm energy consumption in Brazil, we note that the value stood at 13.73 Million Tonnes of Oil Equivalent (MTOE) in 2023. The forecast from 2024 to 2028 shows a steady annual increase: from 13.99 MTOE in 2024 to 15.06 MTOE by 2028. The year-on-year variation percentages are as follows:

- 2024-2025: 1.93%

- 2025-2026: 1.89%

- 2026-2027: 1.79%

- 2027-2028: 1.82%

The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.85%, indicating a moderate, consistent rise in energy consumption.

Future trends to watch for:

• Technological advancements in energy efficiency for agricultural machinery.
• Government policies aimed at renewable energy adoption and their impact on on-farm energy use.
• Fluctuations in global oil prices, which could affect cost and consumption patterns.
• Climate changes influencing farming practices and consequently energy requirements.