The sunflower oil production in Brazil has seen significant variability over the past decade, with a notable dip in 2016 and a significant increase from 2017 onwards. By 2023, production stood at 131.66 thousand metric tons, showing consistent growth since 2020. The year-on-year variation was 4.24% in 2023, following a 4.53% increase in 2022. The 5-year CAGR leading up to 2023 was 4.01%.
Forecasts from 2024 to 2028 predict continued growth, with an average yearly increase of 3.03% resulting in a 16.07% rise over the five years. By 2028, production is anticipated to reach 159.65 thousand metric tons.
Future trends to watch for include:
- Potential impact of climate change on crop yields.
- Advances in agricultural technology and their adoption.
- Shifts in global demand for sunflower oil due to dietary trends and health considerations.
- Market dynamics influencing sunflower seed prices and oil production competitiveness.
