In 2023, Brazil's wheat production stood at 6.72 million metric tons. In 2024, the forecasted value is 6.83 million metric tons, showing a year-on-year increase of approximately 1.64%. For 2025, the production is projected to increase to 6.95 million metric tons, representing a year-on-year growth of 1.76%. This upward trend continues with a forecasted production of 7.06 million metric tons in 2026 (1.58% increase), 7.17 million metric tons in 2027 (1.56% increase), and 7.28 million metric tons in 2028 (1.53% increase). Over the 5-year forecast period, the compound annual growth rate (CAGR) is anticipated to be around 1.61%.
Future trends to watch for:
- Technological advancements in agriculture which may boost productivity.
- Climate change impacts on crop yields and production patterns.
- Global market demand fluctuations affecting export potential.
