Brazil’s maize oil production in 2023 stood at 163.45 thousand metric tons. The forecasted data for the years 2024 to 2028 show a consistent year-on-year growth. Specifically, the production is expected to increase by 3.64% in 2024, 3.10% in 2025, 2.95% in 2026, 2.81% in 2027, and 2.68% in 2028. Over the five years, we see a compound annual growth rate (CAGR) of about 3.03%, indicating steady expansion in maize oil production volume.
Future trends to watch for:
- Possible impacts of climate change on maize crop yields.
- Technological advancements in maize oil extraction and processing.
- Market demand fluctuations based on global health trends and soybean oil prices.
- Potential government policies on agriculture and biofuel production.
