Forecast: Value Added in Mining of Metal Ores Sector in Brazil

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.

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