Brazil's domestic corn consumption in 2023 stood at 77.5 million metric tons. The forecasted values show a steady increase, reaching 87.02 million metric tons by 2028. Year-on-year percentage variations are as follows: 2.42% in 2024, 2.43% in 2025, 2.34% in 2026, 2.28% in 2027, and 2.19% in 2028. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 2.33%.
Future trends to watch for include changes in domestic agricultural policies, potential impacts of climate change on crop yields, and shifts in global corn market dynamics, which may influence domestic consumption patterns in Brazil. Monitoring these factors will be critical for accurate future forecasting.
