In 2023, Brazil's maize oil export volume stood at approximately 32.2 thousand metric tons. The forecast suggests a steady increase in exports from 2024 to 2028. Specifically, the year-on-year percentage increase is approximately 3-4% annually. The compound annual growth rate (CAGR) for this period is around 4.38%, reflecting consistent growth.
Future trends to watch include:
- Global demand for healthier cooking oils, which could boost export volume.
- Fluctuations in global maize production impacting supply.
- Brazil's ability to enhance production efficiency and meet increasing international standards.