In 2023, the import value of resistance heated industrial electric furnaces and ovens to Brazil stood at 2.36 thousand. The forecast from 2024 to 2028 shows a consistent decline with values decreasing annually from 2.11 thousand in 2024 to 1.14 thousand by 2028.
- Year-on-year declines indicate: - 11.02% from 2023 to 2024 - 11.85% from 2024 to 2025 - 13.44% from 2025 to 2026 - 14.29% from 2026 to 2027 - 17.39% from 2027 to 2028 - The compound annual growth rate (CAGR) from 2024 to 2028 is around -12.00%.
Future trends to watch for include potential technological advancements that may drive domestic production, altering the import volume. Additionally, economic factors affecting Brazil’s manufacturing sector and policy shifts could influence demand dynamics for these industrial equipment imports.
