The forecasted import of borates of metals to Brazil shows a steady increase from 5.37 million kilograms in 2024 to 6.28 million kilograms in 2028. This represents a consistent annual growth over the five-year period, with a Compound Annual Growth Rate (CAGR) of approximately 4%.
Looking at the year-on-year changes from 2024 to 2028, an upward trend is evident:
- 2024 to 2025: 4.4% increase
- 2025 to 2026: 4.1% increase
- 2026 to 2027: 3.9% increase
- 2027 to 2028: 3.7% increase
In 2023, actual import volumes are estimated to be lower, given the starting point values in the forecast for 2024. Future trends to watch for include technological advancements in metal processing, changes in trade agreements, and the economic stability of key export markets, which could impact demand and import volumes.
