From 2014 to 2023, oilseeds processing in Brazil has shown a generally upward trend, growing from 41.76 million metric tons to 51.51 million metric tons in 2023. The year-on-year variation has been marked by fluctuations, such as a significant 7.93% increase in 2015 followed by a -2.74% decrease in 2016, and resumed stability from 2020 onwards with marginal increases. The average Compound Annual Growth Rate (CAGR) for the most recent 5-year period (2019-2023) is 0.79%, indicating modest but steady growth.
Looking ahead to the period from 2024 to 2028, oilseeds processing is forecasted to continue this trend, reaching 54.14 million metric tons in 2028. The forecasted 5-year CAGR is expected to remain the same at 0.79%, resulting in an overall growth rate of 4% over the next five years. This indicates stable, incremental growth in the sector.
Future trends to watch for include the impact of advancements in agricultural technology, global demand fluctuations, and environmental policies that may affect production levels. An increase in demand for plant-based products and biofuels could also drive higher processing volumes.
