In 2023, Brazil's soybean meal exports stood at an estimated 21.88 million metric tons. From the 2024 forecast onwards, the data reveals consistent growth in exports, starting at 22.05 million metric tons in 2024 and rising to 22.74 million metric tons by 2028. Year-on-year growth is modest, with percentage increases of approximately 0.82% each year. The compound annual growth rate (CAGR) over the forecasted five-year period from 2024 to 2028 averages around 0.75%.

Future trends to watch include:

Brazil's ability to expand its market share amid increasing global demand and competition.
Impacts of climate change and policy changes on crop yields and export capacity.
Shifts in demand from major importers, influenced by changing dietary patterns and economic conditions.