Maize production in Brazil at the farm gate has seen varied trends from 2013 to 2023, with fluctuations significantly impacting the overall value. In 2023, the value stood at 16.79 billion US dollars, reflecting a 2.96% year-on-year increase from 2022. Over the last two years, the production value has grown consistently, with a CAGR of 12.14%—indicative of strong positive momentum.
Historically, the period from 2013 to 2019 showed inconsistency, with notable declines in 2014 and 2015 but recovery phases in 2016 and 2019. From 2020 onwards, the production value reflected steadier growth, highlighting increased stability and resilience in the sector. Projections from 2024 to 2028 forecast a continuation of this positive trend, with an expected CAGR of 2.02%, suggesting moderated but consistent growth, culminating in a total increase of 10.51% by 2028.
Future trends to watch for:
- Technological advancements in agriculture improving yields.
- Impact of climate change and weather patterns on production.
- Shifts in global maize demand and international trade policies.
- Government policies and incentives in agriculture, especially regarding sustainability.
- Investment in infrastructure enhancing supply chain efficiencies.
