The import of plaster or compositions based on plaster to Brazil is projected to decrease significantly from 2024 to 2028. The forecasted values demonstrate a consistent decline in import value, with a marked year-on-year reduction in USD millions.
Year-on-year variation indicates a significant downward trend, with each subsequent year seeing a decrease in import value, up to nearly 50% by 2028 from the 2024 level. The compound annual growth rate (CAGR) over this period shows a marked negative trend, further indicating a substantial reduction in overall imports.
Future trends to watch for include:
- Changes in domestic production capacity and the local demand for plaster, which might affect imports.
- Global economic factors and currency fluctuations potentially impacting import costs.
- Environmental policies favoring local sourcing or alternative materials could lessen reliance on imports.
- Technological advancements in construction that might alter demand dynamics.