The import of alkyd resins to Brazil is projected to decline steadily from 2024 to 2028. Starting at 326.26 thousand kilograms in 2024, the forecast shows a dramatic decrease through the subsequent years, reaching only 39.36 thousand kilograms by 2028. This translates to a year-on-year decrease ranging from approximately 23% to 64%. The compound annual growth rate (CAGR) over this five-year period indicates an average annual decline of around 37.15%.
Future trends to watch for include:
- Potential changes in Brazil's domestic alkyd resin production capabilities, which could further reduce imports.
- Evolving economic policies or trade agreements impacting import tariffs or restrictions could alter forecasted trends.
- Shifts in market demands for paints and coatings in sectors using these resins, possibly influenced by sustainability efforts.