The sunflowerseed oil market in Brazil reached a volume of 88.0 thousand metric tons in 2023, showing a growth of 1.15% year-on-year. Over the past five years, the compound annual growth rate (CAGR) was 0.23%. Notable annual variations include a significant increase of 19.18% in 2018 and a decline of 14.47% in 2016. The forecast indicates a steady upward trend, with the volume expected to reach 93.7 thousand metric tons by 2028, corresponding to a 5.03% growth and a forecasted 5-year CAGR of 0.99%.
Future trends to watch for include potential fluctuations due to changing agricultural policies, climate impacts, and shifts in global market demands. Keeping an eye on technological advancements in oil extraction and processing could also influence market dynamics.
