The import of cerium compounds to Brazil has displayed a declining trend over the period from 2017 to 2021, with volumes dropping from 48.11 thousand kilograms in 2017 to just 2.03 thousand kilograms in 2021. The import data indicates a continual year-on-year decline. The annual compound growth rate (CAGR) over these five years reveals a significant average reduction rate. By 2023, the volume of cerium compound imports is expected to have further decreased, continuing this downward trend.
Future trends to watch for include potential shifts in global supply chains or technology developments that might alter Brazil's demand for cerium compounds. Additionally, any changes in trade policies or emerging local production capabilities might influence future import volumes.
