The forecasted imports of isocyanates to Brazil are expected to show a steady increase over the coming years, growing from $416.26 million in 2024 to $470.66 million by 2028. For 2024, the value of imports is projected to rise about 3.4% from the previous year's actuals, with a consistent year-on-year increase around this percentage through 2028. The compound annual growth rate (CAGR) over this five-year period is also approximately 3.4%, denoting a healthy and predictable upward trend.
Future trends to watch for include:
- Potential economic fluctuations impacting Brazil’s import capabilities.
- Shifts in global isocyanate production affecting supply and pricing.
- Changes in domestic demand due to industrial growth or regulatory factors.
