The import of bituminous coal to Brazil is forecasted to rise steadily from 24.698 billion kilograms in 2024 to 27.786 billion kilograms in 2028, suggesting a consistent annual growth trend. To understand this trend better, consider the import value in 2023, which stood at 23.946 billion kilograms. Between 2024 and 2025, there is an expected year-on-year increase of 3.2%, followed by 3.1% between 2025 and 2026, 2.9% between 2026 and 2027, and 2.8% between 2027 and 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is anticipated to average around 3%. Notably, over the last two years, we saw an increase of 3.4% for 2022, followed by 3.1% in 2023.
Future trends to watch for include:
- Global economic developments impacting coal demand and prices
- Brazil's domestic energy policy and shift towards renewable energy sources
- Technological advancements in coal extraction and production
- Environmental regulations and carbon emission reduction targets
