The rice and products market size volume in Brazil demonstrated historical fluctuations between 2014 and 2023. Despite a notable dip of 10.13% in 2016 contrasted with a significant recovery of 17.02% in 2017, the market showed steady growth with minor annual variations moving forward. By 2023, the volume stood at 9.75 million metric tons, marking modest yearly increments. The historic average annual growth rate (CAGR) over the last five years was 0.16%, reflecting a relatively stable market.
Key recent trends include:
- A slight year-on-year growth of 0.29% in 2023
- Market stability with a negative growth spike in 2020 (-4.7%) followed by recovery in 2021 (5.58%)
Future trends to watch for:
- Projected steady growth with a compounded annual growth rate (CAGR) of 0.24% over the next five years
- A forecasted total growth of 1.18% by 2028, suggesting continued stability in the rice market
