In 2023, the import value of essential oils of lemon to Brazil stood at approximately "3.7" million US dollars. Forecasts from 2024 to 2028 indicate a gradual decline in import values, from 3.5648 million USD in 2024 to 3.0492 million USD by 2028. The year-on-year percentage change is negative, reflecting a continuous decrease over the years. The compound annual growth rate (CAGR) over this period highlights a consistent downward trend of the market, averaging a decline per year.
Future trends to watch for include:
- Sustainability practices influencing demand for essential oils globally.
- Potential growth in domestic production capabilities in Brazil affecting import levels.
- Changing consumer preferences and economic conditions impacting essential oil imports.
