In 2023, Brazil's palm oil production stood at 480 thousand metric tons. Since 2014, production has shown a consistent upward trend, with notable year-on-year variations. Key trends include a significant increase in 2015 (9.59%) and a slight decline in 2020 (-3.54%). Over the last five years, the compound annual growth rate (CAGR) has been 1.3%. The future forecast from 2023 to 2028 suggests a modest growth with a forecasted 5-year CAGR of 1.05%, resulting in a total growth rate of 5.38% by 2028.
Future trends to watch for include potential impacts of climate change, advancements in agricultural technology, and policy changes regarding sustainable oil production, which may influence production volatility and long-term growth.
