Brazil's rapeseed production stood at 48.25 thousand metric tons in 2023. Over the last two years, production slightly declined by 0.29% each year. The compound annual growth rate (CAGR) from 2019 to 2023 registered a contraction of approximately -0.31%. Over a broader period, the production saw an initial growth, peaking in 2015, followed by fluctuations and a general downward trend from 2016 onwards.
- From 2013 to 2015, there was significant growth.
- Post-2015, a general decline with minor year-on-year variations upward or downward.
- From 2017 onwards, a steady decline stabilized somewhat by 2021.
- Forecasts suggest a continued slight decline, with an estimated CAGR of -0.24% over the next five years.
Future trends to watch for include potential impacts of climate change on crop yields, changes in global demand for rapeseed oil, and improvements in agricultural technology that might boost production efficiency.
