Between 2024 and 2028, the import of non-electric furnaces and ovens for the heat-treatment of ores, pyrites, or metals to Brazil is projected to decline steadily from 20.893 million kilograms to 17.788 million kilograms. This represents a gradual decrease year-on-year, with respective declines of approximately 3.8% from 2024 to 2025, 3.9% from 2025 to 2026, 4.0% from 2026 to 2027, and 4.1% from 2027 to 2028. The compounded annual growth rate (CAGR) over this five-year period is projected to show a negative trend.
Future trends to watch for include:
- Potential advancements in local manufacturing capabilities which might reduce dependency on imports.
- Technological changes that could lead to increased efficiency in the heat-treatment processes, impacting the demand.
- Policy and regulatory changes affecting import tariffs and environmental standards which may influence import volumes.