The forecast for Brazil's palm oil gross production between 2024 and 2028 shows a consistent upward trend. In 2023, the production was valued at approximately 204 million USD in PPP terms. From 2024, there is an anticipated year-on-year increase, hitting around 231 million USD in 2028. This reflects an average annual growth rate (CAGR) of about 2.5% over the five-year period from 2024 to 2028. Each forecasted year shows a modest increase, indicating steady growth in the sector.
Future trends to monitor include potential shifts in global palm oil demand, changes in trade policies, environmental concerns affecting production practices, and technological advancements that could optimize yields and efficiency in palm oil production in Brazil.
