Key regions: Germany, Spain, Italy, Brazil, United States
The Oil Crops market in Brazil has been experiencing significant growth in recent years.
Customer preferences: Customers in Brazil have been showing a growing preference for oil crops, particularly soybeans, due to their versatility and nutritional value. Soybean oil is a popular cooking oil in Brazil, and soybeans are also a key ingredient in animal feed. Additionally, the demand for biofuels has been increasing, leading to a rise in demand for soybean oil as a feedstock.
Trends in the market: One significant trend in the Oil Crops market in Brazil is the increasing use of genetically modified (GM) crops. Brazil is one of the largest producers of GM crops in the world, and the use of GM soybeans has been growing in recent years. This trend is driven by the desire to increase crop yields and reduce the use of pesticides. Another trend in the market is the growing demand for organic and non-GM crops, particularly in export markets.
Local special circumstances: Brazil's tropical climate and extensive land area make it an ideal location for growing oil crops. The country has a long history of agriculture, and the government has been supportive of the industry, providing subsidies and other incentives to farmers. Additionally, Brazil has a large domestic market for oil crops, as well as a growing export market.
Underlying macroeconomic factors: Several macroeconomic factors are driving the growth of the Oil Crops market in Brazil. One of the most significant is the country's strong economic growth in recent years, which has led to an increase in consumer demand for food and other products. Additionally, the devaluation of the Brazilian real has made Brazilian exports more competitive on the global market, leading to increased demand for Brazilian oil crops. Finally, the growth of the biofuels industry has led to a rise in demand for soybean oil as a feedstock, further driving the growth of the Oil Crops market in Brazil.
Data coverage:
The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
