In 2023, Brazil's actual soybean import stood at a level preceding the forecasted data. From 2024 onwards, a consistent year-on-year growth is projected, with imports increasing from 486.0 thousand metric tons to 536.0 thousand metric tons by 2028. This reflects a steady upward trend. The expected year-on-year changes indicate a gradual climb in imports, suggesting a compound annual growth rate (CAGR) over this period. These percentages underscore a stable increase in soybean demand in Brazil.
Future trends to monitor include:
- Impact of global trade policies on soybean import tariffs.
- Fluctuations in domestic soybean production affecting import needs.
- Potential technological advancements improving soybean supply chain efficiency.
