The forecasted milled rice domestic consumption in Brazil is anticipated to decrease incrementally from 6.87 million metric tons in 2024 to 6.52 million metric tons in 2028. This reflects a consistent downward trend in consumption over the forecasted period. Notably, the average annual decline, or compound annual growth rate (CAGR), over this five-year span is approximately -1.3%.
In 2023, the actual consumption stood at about 6.95 million metric tons, signifying a continued decrease compared to future projections.
Future trends to watch for include:
- Shifts in dietary consumption patterns, potentially influenced by health trends and food preferences.
- Economic factors that may impact consumer purchasing power and food security.
- Potential technological advancements in agriculture that could affect rice production efficiency and pricing.