Sunflowerseed oil demand in Brazil demonstrated significant fluctuations over the last decade. The demand varied greatly, reaching a low in 2016, then recovering progressively to a value of 88,000 metric tons in 2023. Notably, the most significant year-on-year increase occurred in 2021 at 21.9%, while the sharpest decline was in 2016 at -14.47%. From 2018 to 2022, demand averaged an annual growth rate (CAGR) of 3.57%. The data forecasts steady growth from 2024 onward, with a 0.99% CAGR over the next five years, culminating in a 5.03% total increase by 2028.
Future trends to watch for:
- Potential impacts of socioeconomic factors on demand.
- Influence of changing dietary patterns in Brazil.
- Impact of global sunflowerseed oil market dynamics on local demand.
