In 2023, Brazil's domestic food consumption of palm oil stood at 156.0 Thousand Metric Tons. Forecasts for the period 2024-2028 show a steady increase. The consumption is projected to rise from 161.0 Thousand Metric Tons in 2024 to 181.0 Thousand Metric Tons in 2028, indicating consistent annual growth.
Year-on-year percentage variations are as follows:
- 2024 vs. 2023: 3.2%
- 2025 vs. 2024: 3.1%
- 2026 vs. 2025: 3.0%
- 2027 vs. 2026: 2.9%
- 2028 vs. 2027: 2.8%
The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is approximately 3.0%, indicative of a robust increase. Key trends to monitor include shifts in consumer preferences towards healthier oils, regulatory changes, and the impact of technological advancements in production and agriculture.
