The forecast for pea import volume in Brazil shows a steady increase from 2024 to 2028, starting at 36.08 thousand metric tons in 2024 and reaching 36.37 thousand metric tons by 2028. This consistent upward trajectory represents an annual growth rate showcasing marginal year-on-year increases. As of 2023, Brazil's pea import volume likely stood slightly below the 2024 forecast level, suggesting continued market expansion. Over the five-year forecast period, the compound annual growth rate (CAGR) highlights these incremental advancements in import volume, indicating a relatively stable market environment.
Future trends to monitor include potential impacts from global trade policies, shifts in consumer demand, and agricultural output fluctuations that could influence import volumes. Brazil's domestic production capabilities and international price volatility are also critical factors to watch. Tracking these elements will provide insights into whether the current growth trajectory will persist or adjust in response to external and internal pressures.
