In 2023, Brazil's meat import volume was 50.00 thousand metric tons. Forecasts indicate a consistent decline in the import volume, dropping from 47.36 thousand metric tons in 2024 to 37.66 thousand metric tons by 2028. Year-on-year, the import volume is expected to decrease by 5.29% in 2025, 5.46% in 2026, 5.66% in 2027, and 5.87% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 suggests an average annual decrease of approximately 5.56%.
Future trends to watch for include:
- Brazil's domestic meat production capabilities and any enhancements.
- Trade policies affecting meat import regulations and tariffs.
- Changes in consumer preferences, possibly towards domestically produced meat or plant-based alternatives.
- Economic factors, such as currency fluctuations and inflation, impacting import affordability.
