The forecast for Brazil's import volume of rapeseed and mustard oil indicates a steady decline from 9.6 thousand metric tons in 2024 to 8.49 thousand metric tons in 2028. Compared to the 2023 level of 9.93 thousand metric tons, the import volume in 2024 is expected to be slightly lower. The year-on-year decrease starts at approximately 3.02% from 2024, reducing further to 3.08% by 2028. The Compound Annual Growth Rate (CAGR) over these five years is a decline of about 3.2% annually.
Future trends to watch:
- Potential impact of domestic production increases on reduced import needs
- Shifts in dietary preferences and health trends affecting demand
- Trade policies or tariffs that could influence import levels
