In 2023, Brazil's import of crude sunflower-seed or safflower oil stood at $31.6 million. The forecast from 2024 to 2028 reveals a steady increase in import values, reaching approximately $34.654 million by 2028. This represents a compound annual growth rate (CAGR) of about 1.6%. Year-on-year, the import value is expected to rise modestly: 1.96% from 2024 to 2025, and about 1.88% annual increases thereafter. This data suggests Brazil's growing demand for these oils in the coming years.
Future trends to watch include:
- Potential fluctuations in global oilseed prices affecting import costs.
- Brazilian agricultural shifts that may influence domestic production versus import reliance.
- Regulatory changes impacting importation strategies and costs.
