Brazil's rice production at farm gate has experienced fluctuations over the past decade. Notably, the value stood at $3.41 billion USD in 2023. An analysis of the trend shows significant variability, with steep declines between 2013 and 2015 and modest recovery thereafter. In recent years, the sector showed positive momentum, with year-on-year growth of 0.48% in both 2022 and 2023.
Looking forward, the forecast suggests a stable but slow growth trajectory, with a five-year CAGR of 0.36% and an anticipated value of $3.49 billion USD by 2028. This indicates a relatively steady, albeit modest, increase in production value.
Future trends to watch for include:
- Impacts of climate change on crop yields
- Changes in domestic and international rice demand
- Technological advancements in farming practices
- Government policies and support for rice farmers
