In 2023, Brazil's import of bituminous or oil shale and tar sands stood significantly below $2.73 thousand US dollars. The forecast for 2024 begins at this value, showing a gradual yearly decrease through 2028, where it is projected to reach $2.13 thousand. This demonstrates a consistent declining trend, with a steady annual decrease of approximately 5.8% over the span from 2024 to 2028, based on the provided data.
Future trends to watch for:
- Increasing focus on renewable energy sources might further reduce reliance on oil shale imports.
- Potential changes in government policy or energy regulations could significantly impact forecasts.
- Global oil market fluctuations could influence Brazil's import strategy and these forecasts.
