In 2023, Brazil's import value of meals, pellet, and flour of meat for animal feed was notably lower, setting a baseline for significant forecast increases from 2024 onwards. The forecast reveals a consistent upward trend, with a Compounded Annual Growth Rate (CAGR) approaching 3% from 2024 to 2028. The year-on-year growth is steady at approximately 3.1% — peaking in 2028 when the imports are expected to hit 2.0043 million US dollars. This reflects a steadily increasing demand in the Brazilian market.
Future trends to watch for include potential volatility in global market prices, currency exchange fluctuations affecting import costs, and advancements in local production capacities which could impact Brazil's dependency on imported feed ingredients. Additionally, changes in Brazilian agricultural policies and trade agreements might also influence future imports.
