Brazil's corn consumption in 2023 was 13.88 million metric tons. Forecast data suggests a steady increase in consumption from 2024 to 2028, with annual values projected to be 14.41, 14.97, 15.52, 16.07, and 16.61 million metric tons, respectively. Year-on-year variations between 2024 and 2028 display a consistent growth trend:
Year-on-year percentage change:
- 2025: 3.88%
- 2026: 3.67%
- 2027: 3.54%
- 2028: 3.36%
The Compound Annual Growth Rate (CAGR) over the 5-year period (2024-2028) is 3.74% annually.
Future trends to watch for include potential impacts from climate variability on corn production, shifts in global demand for corn-based products, and policy changes affecting agricultural exports. These factors could influence corn consumption growth rates over the next few years.
