In 2023, the import value of rosin and resin acids to Brazil was $7.98 million. By analyzing the forecasted data from 2024 to 2028, we observe a steady decline in import value. The year-on-year percentage change reveals a consistent decrease: 2025 sees a -3.61% drop, 2026 a -3.67% decrease, 2027 a decline of -3.74%, and 2028 continues this trend with a -3.81% reduction. The compound annual growth rate (CAGR) for these five years stands at approximately -3.70%, indicating a persistent downward trajectory in the imports.
Future trends to watch for include:
- Fluctuations in global market prices of rosin and resin acids which could impact import values.
- Brazil's domestic production capabilities and potential substitutions impacting demand.
- Changes in import regulations or trade agreements that could alter import volumes and values.