The import of undenatured ethyl alcohol to Brazil has grown significantly from 2013 to 2023, starting at $51.04 million in 2013 and reaching $1051.7 million in 2023. The substantial annual variations include a 359.85% increase in 2014, a notable decrease of 17.21% in 2018, and a moderate 5.6% increase in 2023. Over the last five years, the CAGR has moderated to 7.19%.
The future trends from 2024 to 2028 predict a steady growth of imports, with values expected to reach $1342.9 million by 2028. The forecasted five-year CAGR stands at 3.83%, reflecting a projected overall growth rate of 20.67% over this period.
Future Trends to Watch For:
- Potential shifts in global supply and demand dynamics for ethyl alcohol.
- Changes in Brazilian government policies and tariffs affecting imports.
- Evolving consumer and industrial uses of undenatured ethyl alcohol in Brazil which could impact import volumes.