The forecast for palm oil domestic consumption in Brazil shows a steady increase from 2024 to 2028. The values are expected to rise from 954.0 thousand metric tons in 2024 to 1100.0 thousand metric tons in 2028. Comparing 2024 to 2023, the year-on-year variation is indicative of continued growth in consumption.
Year-on-year variations are as follows:
- 2024 to 2025: 3.99%
- 2025 to 2026: 3.83%
- 2026 to 2027: 3.88%
- 2027 to 2028: 2.80%
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 3.62%.
Future trends to watch for include potential shifts in global palm oil production, sustainability practices, and policy changes that could influence Brazil’s domestic consumption. Additionally, trends in health consciousness and biofuel demand could play significant roles in shaping consumption patterns.
