In 2023, Brazil's re-import of agricultural, horticultural, or forestry machinery stood at 280.5 thousand USD. From 2024 to 2028, forecasts show a gradual increase in value, with projected year-on-year growth rates of approximately 5%, indicating a steady rise in re-import activities. The compounded annual growth rate (CAGR) across the forecast period is about 5.0%, signaling a consistent upward trend influenced by growing demand and emerging agricultural technologies.
Future trends to watch for include:
- Innovations in agricultural technology that may drive further growth in machinery imports.
- Economic policies in Brazil that could impact trade tariffs and re-import volumes.
- Shifts in global supply chain dynamics which might affect the accessibility and cost of machinery.