Brazil's palm oil imports are forecasted to rise steadily from 352.0 thousand metric tons in 2024 to 393.0 thousand metric tons in 2028. Compared to 2023, the 2024 value shows an increase that reflects a continued reliance on palm oil imports. Year-on-year variations indicate a steady growth trajectory: 2.84% increase from 2024 to 2025, 3.04% from 2025 to 2026, 2.68% from 2026 to 2027, and 2.61% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 averages 2.80% per year, demonstrating a consistent uptrend.
Future trends to watch for include potential regulatory changes affecting palm oil import tariffs, shifts in domestic production capacity, and the impact of sustainability initiatives. Additionally, global market conditions, such as production levels in major palm oil-exporting countries and price volatility, will also be critical factors influencing import volumes in Brazil.
