In 2023, Brazil's agricultural products exports to the UK stood at 367.1 million USD. The forecast data for 2024 to 2028 indicates a continuous decline. From 2024 to 2025, the value decreases by 3.4%, followed by a 3.5% drop from 2025 to 2026. The trend continues with a 3.5% decrease in 2026-2027 and a 3.6% decline in 2027-2028. This results in a compound annual growth rate (CAGR) of -3.4% over the five-year period.
Future Trends to Watch For:
- Trade policy changes post-Brexit impacting bilateral trade.
- Fluctuations in global agricultural commodity prices.
- Brazil's agricultural productivity and advancements.
- UK’s import substitution policies and domestic agricultural focus.
