From 2014 to 2023, the demand for maize in Brazil has shown variability, reaching 66.2 Million Metric Tons in 2023, with a year-on-year increase of 1.04%. The period from 2018 to 2023 experienced moderate growth with an average CAGR of 0.83%. Following a significant drop in 2016, demand rebounded sharply in 2017 and stabilized over subsequent years. Forecasts indicate continued incremental growth, reaching 69.76 Million Metric Tons by 2028.
Future trends to watch for:
- Impact of climate change on maize yields.
- Policy changes affecting agricultural trade and subsidies.
- Technological advancements in maize cultivation and storage.
- Shifts in global maize demand, particularly from major importers.
