The sunflowerseed oil production in Brazil stood at 43.0 thousand metric tons in 2023. Over the last ten years, the production has shown fluctuations, peaking in 2014 at 53.0 thousand metric tons and hitting a low in 2016 at 30.0 thousand metric tons. Notably, the years 2020 and 2022 also witnessed declines. The Compound Annual Growth Rate (CAGR) over the past five years (2019-2023) indicated a negative trend at -2.18%, although production remained stable at 43.0 thousand metric tons in both 2022 and 2023.
Looking forward, production is forecasted to decrease gradually, reaching 40.7 thousand metric tons by 2028. The forecasted CAGR over the next five years is -0.86%, equating to a forecasted growth rate decline of -4.24% by 2028. Future trends to watch for include potential changes in domestic agriculture policies, climate impacts, and shifts in global demand for sunflowerseed oil, all of which can significantly affect production levels.
