In 2023, Brazil's soybean oil export volume was stable around 1.43 million metric tons. Forecasts from 2024 to 2028 show a slight upward trend, with volumes gradually increasing to 1.45 million metric tons by 2028. Between 2024 and 2028, year-on-year growth is stable and minimal, reflecting a market with limited recent fluctuation, resulting in a compound annual growth rate (CAGR) over five years that is modest. The projected growth indicates a steady demand for Brazilian soybean oil in the global market.
Future trends to watch include potential impacts of climate change on soybean cultivation, shifts in global trade policies, and evolving consumer preferences towards sustainable and alternative oils, which could influence Brazil's export volume projections.
