In 2023, Brazil's import of esters of formic acid stood at 74.4 thousand kilograms. Forecasts for 2024 estimate a decline to 65.87 thousand kilograms, marking a year-on-year variation of -11.4%. The downward trend continues, with 2025 seeing 57.23 thousand kilograms, dropping by another 13.1% from 2024. The decline persists through 2026, 2027, and 2028, ending at 32.34 thousand kilograms with an overall CAGR of -17.5% over these years.
Future trends to watch for include:
- Potential trade policy changes impacting import regulations or costs.
- Development in local production capabilities or alternatives.
- Shifts in global supply chain dynamics or raw material pricing affecting import volumes.
