The import of Furniture, Lighting, Signs, and Prefabricated Buildings to Brazil experienced significant fluctuations over the past decade. From 2013 to 2023, the value saw a peak in 2013 and a downward trend until 2016, followed by a gradual recovery from 2017 onward. The value of imports was USD 1.0939 billion in 2023, indicating a modest growth from the previous year.
Year-on-year variations over the last two years showed positive growth of 7.49% in 2022 and 2.03% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stood at 1.9%, reflecting a steady, albeit slow, recovery trend.
Looking ahead, the forecast data suggests a continuous upward trajectory with a forecasted CAGR of 1.57% from 2024 to 2028, leading to an estimated import value of USD 1.2044 billion in 2028. This indicates an overall growth rate of 8.11% over the forecast period.
- Economic health and purchasing power in Brazil will play crucial roles in driving import demand.
- Changes in global trade policies and supply chain dynamics could impact import volumes and values.
- Technological advancements in furniture and lighting products might spur demand for higher-value imports.