In 2023, Brazil's sunflower seed oil production was below the forecasted figure of 28.0 thousand metric tons for 2024. The forecast indicates a modest but stable growth pattern for this period. From 2024 to 2028, production is projected to rise to 30.0 thousand metric tons, reflecting a year-on-year growth of roughly 3.6% from 2024 to 2025 and remaining flat until 2027 before a 3.4% increase in 2028. The compounded annual growth rate (CAGR) over the five years stands at about 1.7%.
Future trends to watch for include:
- Potential changes in agricultural policies and weather conditions affecting crop yield.
- Global demand shifts driven by health trends and eco-friendly substitutes.
- Technological advancements in agriculture that could boost efficiency.
- Development of new markets or the expansion of existing ones.