In 2023, the import of crude soyabean oil to Brazil stood at approximately 44 million kilograms. Based on the forecasted data, imports show a steady increase, with incremental annual growth from 44.233 million kilograms in 2024 to 45.579 million kilograms by 2028.
Year-over-year percentage variations suggest a gradually rising trend, while the compound annual growth rate (CAGR) reflects a consistent annual growth trajectory of about 0.75% over the next five years.
Future trends to watch for include:
- Global soybean production cycles and their impact on oil supply.
- Brazil's domestic policy changes affecting import tariffs.
- The influence of climate change on agricultural yields.
- Shifts in consumer demand for edible oils and their alternatives.
