The forecast for food imports in Brazil from 2024 to 2028 indicates a gradual decline in the percentage of goods imports, starting from 4.99 in 2024 and decreasing to 4.77 by 2028. This downward trend suggests a consistent year-on-year reduction of approximately 1-1.2%. As we are in 2024, the data emphasizes a diminishing reliance on food imports over the next five years. Year-on-year variations show a negative growth trajectory, indicating a shrinking import volume, contrary to the past two years. The Compound Annual Growth Rate (CAGR) over this period underscores a persistent average annual decline in food imports.
Future trends to watch for include shifts in domestic agricultural policies, global trade dynamics, and economic conditions impacting import capacities. Additionally, technological advancements and sustainability practices in local farming could influence the dependence on imported food goods in Brazil.