The forecast for corn imports in Brazil indicates a steady increase from 2024 to 2028, with values rising from 1.66 million metric tons in 2024 to 1.75 million metric tons in 2028. This represents an annual growth rate that can be interpreted using year-on-year percentages for deeper analysis. Import levels stood at 1.63 million metric tons in 2023, indicating a consistent upward trend.
The year-on-year changes are as follows:
- From 2024 to 2025: 1.8% increase
- From 2025 to 2026: 1.2% increase
- From 2026 to 2027: 1.2% increase
- From 2027 to 2028: 1.2% increase
Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 1.3%.
Future trends to watch for include global market dynamics affecting corn prices, domestic agricultural policies in Brazil, climate change impacts on local production, and potential fluctuations in demand from key sectors such as livestock feed and ethanol production. Monitoring these factors will be crucial for understanding long-term import needs and market shifts.
