In 2023, the import value of supported catalysts with nickel or nickel compounds as the active substance to Brazil stood at $10.5 million USD. From 2024 onwards, the forecast indicates a steady decline in imports, starting at $9.83 million in 2024, decreasing annually to $6.465 million by 2028. This equates to a year-on-year decrease of approximately 8.81% from 2024 to 2025, 9.46% from 2025 to 2026, 10.25% from 2026 to 2027, and 11.17% from 2027 to 2028. The five-year compound annual growth rate (CAGR) over the forecast period is negative, signifying a consistent downward trend.
Future trends to watch include potential shifts in global nickel supply and demand dynamics, technological advancements affecting catalyst compositions, and any changes in Brazilian industrial regulations or production outputs that could impact the reliance on imported catalysts.
