In 2023, Brazil's oil crops yield stood at 35.38 thousand hectograms per hectare. Over the past decade, the yield has shown significant variations such as a steep rise in 2017 followed by fluctuations until the forecasted steady increase from 2024 onwards. Over the last two years, the yield experienced modest growth, with 2023 seeing a 1.13% year-on-year increase. The Compound Annual Growth Rate (CAGR) over the five-year period leading up to 2023 is relatively low at 0.22%. Forecasts indicate a consistent growth trend with a five-year CAGR of 0.89% and an overall growth rate of 4.54% expected by 2028.
Future trends to watch for include potential impacts of climate change on yield variability, advancements in agricultural technologies, and shifts in global oil crop demand. Monitoring these factors will be critical for accurate forecasting and strategic planning.
