In 2023, the value added in the mining of metal ores sector in Brazil stood at approximately 36.28 billion Brazilian Reals. The forecast indicates a gradual decline in value added, with figures reaching 35.81 billion in 2024, decreasing each year to 33.92 billion by 2028. This equates to a year-on-year decrease of about 1.37% from 2024 to 2025, and continues to decline at a similar rate in subsequent years. The compound annual growth rate (CAGR) over the next five years is approximately -1.34%, reflecting a consistent downward trend in the sector.
Future trends to watch include:
- Global demand fluctuations for metal ores, especially from major economies.
- Technological advancements in mining efficiency and environmental regulations.
- Potential policy changes affecting mining operations and export markets.