In 2023, the consumption of soybeans at the farm gate in Brazil was at 47.12 million metric tons. The forecast for 2024 projects an increase to 47.77 million metric tons, showing a year-on-year growth of 1.38%. Continuing into 2025 and beyond, it is expected to grow steadily, reaching 50.31 million metric tons by 2028. The average compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.28%.

Future trends to watch for include:

Potential impacts of changing climate patterns on soybean yield and production volume.
Shifts in global demand and their influence on Brazilian exports versus domestic consumption.
Technological advancements in agriculture that could enhance productivity and efficiency.
Regulatory changes and trade policies affecting the agricultural sector's operational dynamics.