The import forecast for benzene to Brazil indicates a consistent, albeit slow, growth from 2024 to 2028. The projected value increases slightly each year, suggesting a steady demand or stable market conditions contributing to these increments. In 2023, the actual import value was not provided, making direct percentage variations from prior years unavailable. However, using the CAGR calculation for the forecast period implies an average annual growth trend of approximately 0.70%.
Future trends to be mindful of include:
- Potential shifts in global crude oil prices, as benzene is a derivative.
- Brazil's domestic production capabilities and any governmental policy changes affecting imports.
- International trade agreements or tariffs that could impact import costs and volumes.
