In 2023, Brazil's import of maize, excluding seed corn, stood at approximately 1.404 billion kilograms. The forecast for 2024 shows a slight increase to 1.426 billion kilograms, marking a year-on-year growth of about 1.6%. The trend continues with a similar pace through 2028, reaching a forecast of 1.514 billion kilograms. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.5%, suggesting a steady albeit modest upward trajectory in maize imports.
Future trends to watch for include:
- Potential impacts of domestic maize production on import needs.
- Global price fluctuations and their effect on import levels.
- Brazil's policy changes regarding agricultural imports.
- The influence of climate change on maize yields and subsequent market dynamics.
