The number of establishments in the coal mining sector in Brazil is projected to decline steadily from 2024 to 2028. From 2024 to 2025, the data forecasts a reduction of about 6.3%. From 2025 to 2026, a further decrease of 6.6% is anticipated. This downward trend continues with a 6.9% drop from 2026 to 2027, and the decline accelerates slightly with a 7.3% decrease from 2027 to 2028. Annually, the average compound annual growth rate (CAGR) over these years is estimated to be approximately -6.8%, indicating a consistent contraction within the sector.
Future trends to watch for:
- Transition towards renewable energy sources might accelerate, further decreasing the number of coal mining establishments.
- Environmental regulations and policies may intensify, impacting coal mining operations.
- Advancements in mining technologies could influence efficiency and employment, possibly stabilizing the sector.