In 2023, Brazil's soybean oil production stood at 10.800 million metric tons. Forecasted data shows continual growth from 2024 to 2028, with production expected to reach 12.093 million metric tons by 2028. Year-on-year growth rates are as follows:
• 2025: 2.42%
• 2026: 2.32%
• 2027: 2.22%
• 2028: 2.13%
The compound annual growth rate (CAGR) over the next five years is projected to be 2.25%.
Future trends to watch for include potential impacts of climate change on crop yields, advancements in agricultural technology, and shifts in global demand for soybean oil driven by biofuel production and dietary changes.
