In 2023, the import of nitric acid and sulphonitric acids to Brazil stood at approximately 0.978 million USD. From 2024 onwards, forecasts indicate a steady upward trend. The expected year-on-year growth rates are approximately 5.1% in 2025, 4.7% in 2026, 4.4% in 2027, and 4.2% in 2028. The average compound annual growth rate (CAGR) over the five years from 2024 to 2028 is around 4.6%.

Future trends to watch for include:

Changes in global supply chains which could impact import costs and volumes.
The impact of environmental regulations on chemical imports.
Developments in Brazil’s industrial sectors that could affect demand for these acids.