The gross income from non-metallic mineral products in Brazil showed fluctuations from 2013 to 2023, with significant growth in some years and declines in others. In 2023, the value stood at 923 million Brazilian Reals, showing a minor year-on-year increase of 0.98%. The recent two-year trend (2021-2023) revealed minimal changes, with only slight increases each year. Over the last five years, the compound annual growth rate (CAGR) was a modest 2.93%.
Looking ahead, the forecasted data from 2024 to 2028 suggest a stable, albeit slow, growth rate. The five-year CAGR is projected to be 0.59%, indicating a 3% overall growth by 2028. Future trends to monitor include advancements in production technology, shifts in regulatory policies, and potential changes in global demand and market dynamics, which could influence the sector’s performance.
