The production of rapeseed oil and mustard oil in Brazil has shown a significant declining trend over the past decade. From 2014 to 2023, production decreased from 24.0 thousand metric tons to 12.0 thousand metric tons, reflecting a year-on-year decline of -7.69% for 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at -4.36%, highlighting a persistent downtrend.
Notable variations over the years include:
- 2015: +20.83% year-on-year
- 2016: -17.24% year-on-year
- 2017: -33.33% year-on-year
- 2018: -6.25% year-on-year
- 2019: 0% year-on-year
- 2020: -11.33% year-on-year
- 2021: +5.26% year-on-year
- 2022: -7.14% year-on-year
- 2023: -7.69% year-on-year
Looking forward, the forecast suggests continued decline, with a projected five-year CAGR of -6.23% from 2024 to 2028, and a five-year growth rate of -27.5%. By 2028, production is expected to further reduce to 8.17 thousand metric tons.
Future trends to watch for include advancements in agricultural technology, potential shifts in governmental policies, and climate change impacts which could influence oilseed crop yields and production efficiency in Brazil.
