Forecast: Import of Animal or Vegetable Fertilizers to Brazil

In 2023, Brazil's import of animal or vegetable fertilizers stood at approximately 22.3 million US dollars. Starting from this benchmark, the forecast for 2024 shows an expected increase to 22.825 million US dollars, marking a moderate growth trend.

Over the next four years, from 2024 to 2028, the import value is projected to rise progressively, reaching 25.182 million US dollars by 2028. This results in a compound annual growth rate (CAGR) of around 2% over the forecasted period. Year-on-year growth indicates a steady increase, with slight fluctuations anticipated in the percentage of growth annually.

Future trends to watch for include:

• Changes in global supply chain dynamics influencing import volumes.
• Potential shifts in Brazilian agricultural policies that could impact demand.
• Emerging sustainable practices that could affect the type and amount of fertilizers imported.