As of 2023, Brazil's import of animal fats, oils, and fractions not chemically modified stood at a certain level, with the forecasted data from 2024 showing a gradual increase in imports. Starting in 2024, the forecast depicts an upward trend, with minimal year-on-year percentage growth. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 indicates modest growth, reflecting steady but gradual demand increases.
Future trends to watch for include:
- Potential policy changes on import tariffs and trade agreements that could affect costs and volumes.
- Economic fluctuations in Brazil that could impact demand or investment in production alternatives.
- Technological advancements in substitution products that may influence import levels.