The forecast data for rapeseed oil and mustard oil non-food uses in Brazil shows a steady decline from 2024 to 2028, dropping by 1,000 metric tons each year. Assuming the estimation starts from 21,000 metric tons in 2024, this indicates a consistent annual decrease of approximately 4.76% year-on-year over the forecasted period.
Looking back, if 2023 had the same value as 2024, the market will experience an ongoing shrinking trend. The five-year compound annual growth rate (CAGR) would reflect a similar annual decline, offering insights into a contracting market for these oils in non-food applications.
Future trends to monitor include the impact of sustainability initiatives favoring local biofuels in Brazil, potential technological advancements that could repurpose these oils, and shifts in global supply chains or demand influenced by environmental policies.
