In 2023, Brazil's soybean oil supply stood at 11.0 million metric tons. Forecasted data shows a consistent upward trend in the supply, projecting growth to 11.29 million metric tons in 2024, and progressively reaching 12.5 million metric tons by 2028. This represents year-on-year increases of 2.63% in 2024, 2.74% in 2025, 2.59% in 2026, 2.52% in 2027, and 2.46% in 2028. Over the five-year period, the compound annual growth rate (CAGR) is approximately 2.59%, indicating steady growth.
Future trends to watch for include potential impacts of climate change on crop yields, shifts in global demand for soybean oil driven by food industry and biofuel requirements, and technological advancements in agricultural practices that could influence supply capabilities.
