In 2023, the import of oxalic acid to Brazil stood at approximately 2.75 million kilograms. Forecast data from 2024 to 2028 shows a steady increase in import volumes from 2.8092 million kilograms to 2.9253 million kilograms, indicating a gradual year-on-year growth ranging from 1.1% to 1.7%. The compound annual growth rate (CAGR) for this forecasted period is about 1.3% per annum.
Future trends to watch for include:
- Potential fluctuations in demand due to changes in key industries such as textiles and pharmaceuticals.
- Impact of global trade policies and tariffs on import costs.
- Technological advancements in production that might affect domestic capacity.