The import of Vitamin B6 to Brazil has shown a consistent growth trajectory from 2013 to 2023, with only a few minor fluctuations. In 2023, the import stood at 330.39 thousand kilograms. The year-on-year variation has generally depicted modest increases, except for a few years where slight decreases were observed. For instance, imports fell by 2.66% in 2022 but grew by 2.12% in 2023. Looking at the Compound Annual Growth Rate (CAGR) over the last five years indicates a slower but steady increase, averaging 2.31% annually.
Forecasts from 2024 through 2028 predict continued growth, although at a slightly reduced CAGR of 1.43%, leading to an overall growth rate of 7.35% over the next five years.
Future trends to watch for:
- Potential market saturation leading to reduced growth rates.
- Changes in global supply chains affecting import volumes.
- Regulatory changes impacting the Vitamin B6 market.
- Shifts in domestic production capabilities.
