Brazil Market for Chemicals
Brazil’s demand for chemical imports remains extremely high, presenting opportunities for U.S. companies.
U.S. chemical suppliers account for roughly 16% of Brazil’s annual chemical imports. Brazilian two-way trade in the chemical industry in the past three years (in US billions) is as follows:
|2018||US$ 43.3||US$ 13.7||US$ 29.6|
|2019||US$ 44.1||US$ 12.6||US$ 31.5|
|2020||US$ 41.4||US$ 10.9||US$ 30.5|
Source: Brazilian Chemical Industry Association (ABIQUIM)
During this period of heightened demand, U.S. exporters have a great opportunity to increase their market share versus international competitors and should consider Brazil when looking to expand their market footprint abroad.
CS Brazil has identified 5 sub-sectors that present particularly advantageous opportunities for U.S. suppliers: pharmaceuticals, inorganics, organics, resins and pesticides. However, there is still considerable potential to be explored in other sub-sectors as well.
In the past 30 years, Brazilian chemical imports have increased by more than 1,200%. Traditionally, the Brazilian chemical industry has been very receptive to American chemicals imports. Both Brazilian importers and distributors are continually seeking new suppliers, particularly from the United States, which enjoys a reputation for high quality products coupled with often competitive prices.
Currently, fertilizers remain the product with the highest demand, amounting to roughly US$ 8 billion and 31 million tons imported in 2020. Brazil also imports several other chemical products (raw materials) such as: potassium chloride, urea, monoamonic or monoamoniacal phosphate, immunological products, insecticides, mediation containing nitrogenated heterocyclic, fungicides, herbicides, vaccines, ammonium sulfate, caustic soda, among others.
Are you ready to start or increase your chemical exports to Brazil? Please contact Renato Sabaine, Chemical Commercial Specialist at Renato.email@example.com.