Key Market Indicators
Brazilian Aromatics Import is projected to decline to approximately $3.4 million by 2028, down from about $3.5 million in 2023. This marks a year-on-year compound annual growth rate (CAGR) decrease of 0.6%. Historically, since 1994, the demand for aromatics in Brazil has fallen by an average of 1.3% annually. On the export front, Brazilian Aromatics Export saw a significant increase in 2018, reaching $17,610 from $10,880 in 2017—a sharp rise of 61.9% year-on-year. However, since 1994, the supply of Brazilian aromatics has experienced a consistent annual decline of 16%.
