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The Brazilian Chemical Industry Association (Abiquim) reported that the sector intends to invest, by 2024, around R$ 1.9 billion in “actions that should result in the creation of jobs and technological innovations”.
The announcement was made on 23/06 in Brasília, during the event Diálogos com a Química, organized by the entity in partnership with the Secretariat of Strategic Affairs (SAE) of the Presidency of the Republic.
The meeting brought together representatives from public and private authorities. The president of Abiquim, Ciro Marino, said that the Brazilian chemical industry is the sixth largest in the world, but could jump to fourth position.
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“Few countries have the potential that Brazil has”, stated Marino, when presenting figures for the sector, which generates 2 million direct and indirect jobs, has revenues of around US$ 190 billion – and accounts for 11% of GDP (Gross Domestic Product ) Brazilian industrialist.
According to Abiquim, the demand for chemical products in Brazil had an average annual growth of 3.1%, from 1990 to 2021. Imports played “a big role in this phase of economic recovery that Brazil is going through”, detailed the entity, informing that In 2021, imports of chemical products occupied 46% of the domestic market.
“Considering what chemistry does, starting from natural inputs, with the wealth that Brazil has, being in sixth place is far below our possibilities. We imagine that a fourth position would be very reasonable”, added the Abiquim director.
Source: DATA | By: Agência Brasil
