The export value of chemicals and chemical products from Brazil to India has shown a consistent upward trend since 2013, with minor fluctuations primarily noticed in 2019 and a significant drop in 2020. In 2023, the exports stood at $342.15 million, reflecting a moderate annual growth rate. The year-on-year growth rate peaked notably in 2015 and 2021, but experienced a decline in 2020 likely due to global economic impacts. The recent 5-year CAGR stands at 2.87%, indicating a steady but modest growth rate that is expected to continue into the forecasted period with a CAGR of 2.32% over the next five years.
Future trends to watch for include the impact of global trade policies, India’s industrial demand for chemicals, enhancements in Brazil’s production capabilities, and potential disruptions from geopolitical or environmental factors. The increasing focus on sustainability and green chemistry could also influence trade dynamics.
