In 2023, the import of hop extract to Brazil stood at 561.5 thousand kilograms. From the forecasted data, there is a steady growth projected from 2024 to 2028, with the import volume increasing from 565.1 to 579.01 thousand kilograms. The year-on-year percentage growth from 2024 to 2028 hovers around a stable rate of approximately 0.6% to 0.7%. The compound annual growth rate (CAGR) over this five-year period is consistent, indicating a modest yet stable upward trend in hop extract imports to Brazil.
Future trends to monitor include:
- Potential impacts of changes in global hop supply and demand on Brazil's import levels.
- Shifting preferences in beverages and brewing innovation that may influence hop extract demand.
- Regulatory developments affecting agricultural imports and trade policies in Brazil.