The import value of plants used for perfumery or pharmacy to Brazil stood at 29.45 million US dollars in 2023. The forecasted data shows a consistent increase over the next five years. From 2024 to 2028, the import values are projected to rise from 30.513 million to 34.111 million US dollars. The year-on-year variation over the last two years was approximately 3.5%. The Compound Annual Growth Rate (CAGR) over the next five years is expected to be around 2.5%, indicating a steady upward trend.
Future trends to watch for:
- Increasing demand for natural and organic products may further drive the import of plants used for perfumery and pharmacy.
- Regulatory changes in international trade policies could impact import values.
- Technological advancements in the extraction and processing of these plants may boost their usage and value.
- Fluctuations in global market prices due to geopolitical factors and climate change effects on agricultural productivity.
