In 2023, Brazil imported nickel bars, rods, and profiles valued at a certain baseline. By 2024, imports are forecasted at 589.6 thousand US dollars, reducing annually to 542.96 thousand US dollars by 2028. The projected trend shows a consistent year-on-year decrease: approximately 2% from 2024 to 2025, 2% from 2025 to 2026, 2% from 2026 to 2027, and 2% from 2027 to 2028. The compound annual growth rate (CAGR) over the forecast period indicates a decline of around 2% annually.

Future trends to watch for include:

Global nickel market fluctuations affecting import prices and volumes.
Brazil’s industrial demand for nickel-based products influencing import levels.
Any economic policies or trade agreements that might impact import efficiency or costs.
Technological advancements in production possibly reducing dependence on imports.