The wheat market size in Brazil exhibited slight fluctuations in volume from 2014 to 2023, standing at 11.4 million metric tons by 2023. Notable variations included a significant dip in 2015 (-9.27%) and substantial growth in 2018 (13.06%). The recent trends show minimal growth, with a 0.3% year-on-year increase in 2023. Over the last five years, the compound annual growth rate (CAGR) averaged -0.32%.
Looking forward, the market is forecasted to grow at a modest CAGR of 0.25% over the next five years, leading to a projected volume of 11.58 million metric tons by 2028, reflecting an overall growth rate of 1.24% during this period.
Future trends to watch for include potential impacts of climate change on wheat production, technological advancements in agriculture, and shifts in domestic and global demand patterns.
