The sunflower supply in Brazil is projected to increase gradually from 75 thousand metric tons in 2024 to 78 thousand metric tons by 2028. Between 2024 and 2027, the supply is forecasted to rise steadily by approximately 1.3% annually, with a slowdown in growth by 2028 as the supply stabilizes at 78 thousand metric tons. This slow yet steady growth suggests a Compound Annual Growth Rate (CAGR) of about 1% from 2023 to 2028.
Key future trends to watch for include:
- Potential impacts of climate change on agricultural output and supply variability.
- Shifts in global demand for sunflower products affecting Brazil's export strategies.
- Technological advancements in farming practices that could enhance yield.
- Policy changes and their effects on agricultural production and trade.