The value added by agriculture, forestry, and seafood in Brazil has shown a steady forecasted increase from 2024 to 2028. In 2023, the actual value was slightly below the forecasted starting point of 439.33 billion Brazilian Reals in 2024. The year-on-year growth rate is consistent, indicating a healthy expansion of approximately 4.2% annually over this period. The compound annual growth rate (CAGR) over the five years leading up to 2028 is expected to be around 3.9%, reflecting sustained agricultural development.
Future trends to watch for include:
- Emerging technologies and sustainable farming practices that may enhance productivity and efficiency.
- Global market dynamics that could impact export opportunities and domestic demand.
- Potential impacts of climate change on agricultural outputs.
- Government policies affecting agricultural subsidies and support systems.