From 2013 to 2023, the value-added of Computer, Electronic, and Optical Products Manufacturing in Brazil experienced fluctuations. Starting at 17.94 billion BRL in 2013, it decreased significantly until 2015, reaching 13.72 billion BRL. The sector recovered to 17.03 billion BRL by 2017, followed by slight ups and downs till it stood at 17.23 billion BRL in 2023. Over the past five years, the Compound Annual Growth Rate (CAGR) was consistent at 0.7%, with the last two years showing minor growth rates of around 0.94%.
Future trends to watch for include:
- Steady growth forecast with a CAGR of 0.7% up to 2028, indicating a stable recovery phase.
- Technological advancements and increasing demand for electronic products could drive further value addition.
- Potential market volatility due to economic or political factors could pose risks to projected growth.