The forecasted import data of glues based on starches or modified starches to Brazil indicates a consistent declining trend from 2024 to 2028. The import volume is expected to decrease year-on-year, showing negative growth rates annually. The compound annual growth rate (CAGR) over these five years also reflects a downward trend, highlighting an overall reduction in imports.
In 2023, the actual import volume of such glues was higher, setting the stage for the observed decline. Key factors influencing this decrease may include domestic production improvements, alternative adhesive technologies, or shifts in industrial demand.
Future trends to watch for include:
- Advancements in alternative adhesive technologies that may further reduce the need for imports.
- Potential policy changes in Brazil affecting import duties and domestic production incentives.
- Market responses to sustainability trends encouraging natural and eco-friendly materials.
