In 2023, the import value of urea resins and thiourea resins to Brazil stood at approximately 1.97 million USD. The forecast from 2024 to 2028 shows a consistent decline in import values, with an annual decrease predicted each year. Specifically, year-on-year percentage changes show a decrease of approximately 2.85% from 2024 to 2025, followed by 2.87% from 2025 to 2026, 2.90% from 2026 to 2027, and 2.93% from 2027 to 2028. The compound annual growth rate (CAGR) over this period features a negative trend, averaging a decline of about 2.88% per annum, reflecting a downward trajectory in imports.
Future trends to watch for include:
- Potential shifts in global trade dynamics affecting material availability and pricing.
- Technological advancements that might reduce dependency on imports due to local production improvements.
- Environmental policies that could alter demand due to regulatory impact or changes in product formulation.