In 2023, the gross production of maize (corn) in Brazil was valued at approximately 21.5 billion US Dollars PPP (2004-2006). The forecasted data for the next five years indicates a steady growth in production value. From 2024 to 2028, the forecasted values represent a consistent year-on-year increase. Specifically, the annual growth rates are expected to be around:
• 2024: 2.9%
• 2025: 2.9%
• 2026: 2.8%
• 2027: 2.7%
• 2028: 2.6%
Over the last two years, the maize production value has been increasing at an average annual rate of around 2.7%. When considering the longer period from 2023 to 2028, the Compound Annual Growth Rate (CAGR) is projected to be approximately 2.78% per year.
Future trends to watch for include potential impacts of climate change on agricultural yields, fluctuations in global maize prices, advancements in agricultural technology, and shifts in domestic and international demand. Additionally, policy changes and investments in infrastructure could play critical roles in shaping Brazil's maize production trajectory.
