In 2023, the import volume of stranded steel wire or cable not electrically insulated to Brazil stood at 46.341 million kilograms. Based on the forecast data from 2024 to 2028, a gradual increase is expected, with volumes rising from 46.514 million kilograms in 2024 to 47.203 million kilograms by 2028. This indicates a steady year-on-year growth trend with minor annual percentage increases. Over this five-year forecast period, the compound annual growth rate (CAGR) suggests a consistent yet modest upward trend.
Future trends to watch for include potential fluctuations in import volume due to global supply chain dynamics and domestic demand shifts. Additionally, any technological advancements or regulatory changes in the steel industry could influence the import landscape.
