The import of phenol to Brazil is forecasted to decline from 2024 through 2028, starting at $3.658 million USD in 2024 and decreasing to $3.198 million USD in 2028. This represents a continuous annual decrease over the five-year period.
From 2024 looking onward, the year-on-year changes reflect a negative trend, consistent across the forecasted period. The compound annual growth rate (CAGR) over this period mirrors this declining trend, indicating an average annual contraction in imports of phenol during this timeframe.
Future trends to watch for include fluctuations in industrial demand within Brazil, potential new environmental regulations, and shifts in global oil prices, all of which could impact the import levels of phenol.
