In 2023, Brazil's import value of hydrogenated animal and vegetable fats or oils stood at a notable level, and forecasts indicate a gradual decline from 2024 onwards. For 2024, the forecasted import value is 29.583 million USD, reducing slightly each year to 28.427 million USD by 2028. The year-on-year variation suggests a steady decrease of approximately 0.8-0.9% annually, with a compound annual growth rate (CAGR) reflecting an overall downward trend over the five-year forecast period.
Future trends to watch for include:
- Shifts in Brazilian dietary preferences that might influence demand for hydrogenated fats.
- Fluctuations in international trade policies affecting import tariffs.
- Advances in alternative healthy fat substitutes impacting traditional hydrogenated fat imports.
