Over the period from 2014 to 2023, Brazil's infant food import volume displayed fluctuating trends. The peak year was 2016 with a 7.14% increase from 2015, while it hit a low in 2020 with a 17% decline compared to 2019. In 2023, the import volume stood at 9.0 thousand metric tons, showing no variation from the previous two years. The five-year CAGR from 2019 to 2023 indicates a stabilized trend with no significant annual growth.
Looking forward, the forecast into 2028 suggests a mild decline in infant food imports, with a projected 5-year CAGR of -1.24%, leading to an overall decrease of 6.03% by 2028. This indicates a gradual reduction in import volumes.
Future trends to watch for:
- Potential market changes due to economic conditions or trade policies
- Increased local production could further reduce dependence on imports
- Shifts in consumer preferences towards different types or brands of infant food
