Between 2013 and 2023, Brazil's import of asbestos friction materials and articles thereof exhibited significant variability. The peak was in 2013 with a value of 62.985 million USD, followed by a downward trend, reaching 21.344 million USD by 2020. Despite intermittent fluctuations, including slight recoveries in 2017 and 2021, the general trend has been declining. The year 2023 stood at 23.498 million USD, representing a 2.99% decrease from the previous year and a 2.51% annual decline over the last five years (CAGR).
Looking ahead to the forecasted period from 2024 to 2028, the import values are expected to continue their downtrend, dropping to 19.714 million USD by 2028. This indicates a forecasted 2.78% annual decline (CAGR) and an overall decrease of 13.16% over this period.
Future trends to watch for include potential shifts in regulatory policies regarding asbestos, advancements in alternative materials, and changes in industrial demand which could affect import levels substantively. Monitoring the broader global market conditions and any technological breakthroughs in friction materials will also be crucial.
