The Oilseeds Feed market in Brazil has shown significant volatility from 2014 to 2023, with notable fluctuations year-on-year. The current standing in 2023 is a volume of 835.0 thousand metric tons, a decrease of 5.65% from the previous year. The long-term trend over the past years reveals a mixed pattern of growth and decline, culminating in a compound annual growth rate (CAGR) of -1.6% over the last five years.
Key Year-On-Year Variations:
- 2015: -38.38%
- 2016: 258.9%
- 2017: -70.34%
- 2018: -9.95%
- 2019: 15.03%
- 2020: -5.09%
- 2021: -5.26%
- 2022: -5.45%
- 2023: -5.65%
Looking ahead to 2028, the forecast predicts a continued decline in the market with a forecasted 5-year CAGR of -5.98%, indicating a total decrease of 26.54% over this period. This suggests the market will experience sustained contraction.
Future Trends to Watch For:
- External economic factors affecting agricultural production costs.
- Technological advancements in alternative feed sources.
- Government policies impacting the agricultural sector.
