In 2023, Brazil imported approximately 7.08 thousand kilograms of palladium unwrought or in powder form. Forecasts for 2024 to 2028 show a steady increase, from 7.18 thousand kilograms in 2024 to 7.59 thousand kilograms in 2028. The year-on-year growth is fairly stable, with an annual increase averaging around 1.2%. The Compound Annual Growth Rate (CAGR) over this five-year period is projected at 1.4%.
Future trends to watch for include:
- Potential fluctuations in global palladium prices, driven by supply chain disruptions or geopolitical factors, which may impact import volumes.
- Technological advancements in automotive and electronics sectors, potentially affecting demand for palladium.
- Brazil's economic and industrial policies, possibly influencing domestic consumption or import regulation in the medium term.