Brazil's milled rice distribution is projected to reach 9.12 million metric tons in 2024, showing steady growth from previous years. The value was recorded at 8.98 million metric tons in 2023, revealing a year-on-year increase of approximately 1.56% to 2.48% over the forecast period from 2024 to 2028.
The distribution volume is set to rise to 9.16 million metric tons in 2025, marking a 0.44% year-on-year increase. Further, a continuity of growth sees this figure reaching 9.21 million metric tons in 2026, indicating a 0.55% increase. The upward trend continues with volumes of 9.25 and 9.3 million metric tons in 2027 and 2028 respectively, showcasing annual growth rates of around 0.43% to 0.54% each year.
Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) for milled rice distribution stands at roughly 0.53% per year. This consistent upward trend illustrates a positive trajectory for the milled rice market in Brazil.
Future trends to watch for include potential impacts of climate change on rice harvests, technological advancements in rice milling processes, policy changes affecting agricultural exports, and shifts in domestic consumption patterns driven by socioeconomic factors.
