The forecast for the import of milled rice to Brazil indicates a gradual decline over the period from 2024 to 2028. The value of imports in 2023 stood at 167 million USD. Forecasted data shows a year-on-year decrease of approximately 0.44% from 2024 to 2025, 0.43% from 2025 to 2026, 0.43% from 2026 to 2027, and 0.42% from 2027 to 2028. The compounded annual growth rate (CAGR) over these five years is a steady -0.43%, indicating a consistent reduction in import value each year.
Future trends to watch for include changes in domestic production levels, shifts in global rice market prices, trade policies, and currency exchange rates, which could influence Brazil's import value of milled rice. Additionally, consumer demand trends within Brazil and advancements in agricultural technology may play significant roles in shaping future import dynamics.