The import of animal feed to Brazil demonstrated a steady upward trend from 2013 to 2023, achieving a value of 313.16 million USD in 2023. Analyzing the last two years, 2021 saw a significant increase with an 8.44% year-on-year growth, followed by a 2.87% and 2.74% rise in 2022 and 2023, respectively. Over the last five years, the compound annual growth rate (CAGR) stood at 2.85%.
Looking forward, the forecast from 2024 to 2028 suggests a continuous growth trend with a five-year CAGR of 2.05% and a total growth rate of 10.68%. The key trends to watch for include:
- Potential impacts of fluctuating global commodity prices.
- The influence of domestic agricultural policies on import needs.
- Technological advancements or shifts in dietary requirements influencing feed composition and sourcing.
- Environmental regulations or initiatives affecting the agricultural supply chain.
