The import of organic chemicals to Brazil has shown significant fluctuations over the past decade. The value stood at 11.166 billion USD in 2023. The year-on-year variation from 2021 to 2022 was 2.08%, and from 2022 to 2023, it was 2%. Over the last five years, the Compound Annual Growth Rate (CAGR) has been relatively modest at 1.07% annually.
Key trends observed:
- High volatility with notable dips in 2015, 2016, and 2020.
- Strong recoveries in 2018 and 2021.
- Overall, a relatively stable growth is indicated post-2020.
Future trends to watch:
- Forecasted steady growth rate averaging 1.54% CAGR up to 2028.
- Continued effects of global trade policies and local economic conditions on import volumes.
Watch for: Regulatory changes, global supply chain impacts, and shifts in industrial demand that could influence future import values and volumes.
