The aluminum production forecast for Brazil shows a declining trend from 2024 to 2028. The values drop from 392.4 thousand metric tons in 2024 to 194.2 thousand metric tons by 2028. This represents a significant reduction over the five-year period. In 2023, production stood at 444.6 thousand metric tons, marking a base year for the forecasted decline.
Year-on-year variations highlight a steady decrease, with a notable drop of approximately 13% from 2024 to 2025, followed by around 15% from 2025 to 2026. From 2026 to 2027 and 2027 to 2028, the declines are around 16% and 20%, respectively. The compound annual growth rate (CAGR) reflects an average annual decline of about 14.5% over this forecast period.
Future trends to watch for include potential regulatory changes affecting the mining and production sectors, global aluminum demand shifts, and advancements in recycling technologies which may impact raw aluminum production. Additionally, economic conditions and energy costs in Brazil will play significant roles in shaping future aluminum production levels.
