The forecast value of the Agriculture, Forestry, and Seafood sector in Brazil shows a gradual increase from 6.0 billion Brazilian Reals in 2024 to 6.7 billion in 2028. This signifies a year-on-year growth of approximately 3% to 3.5% annually. In comparison, the value in 2023 stood at around 5.8 billion Brazilian Reals, highlighting a steady upward trajectory for the sector. The compound annual growth rate (CAGR) over five years, from 2024 to 2028, averages around 2.7%.
Future trends to watch for include:
- Potential impacts of climate change on agricultural productivity.
- Technological advancements and innovation in farming practices.
- Policy shifts and trade agreements affecting exports.
- Increased focus on sustainable and eco-friendly agriculture.
- Rising global demand for Brazilian agricultural products.
