Brazil's hydraulic cement production stood at 53.41 million metric tons in 2023. The forecasted production for 2024 is 53.24 million metric tons, showing a slight year-on-year decrease of approximately 0.32%. For the next consecutive years, production is expected to decline marginally year-over-year by about 0.32% to 0.34% until 2028. The Compound Annual Growth Rate (CAGR) over the next five years is -0.32%, depicting a very gradual reduction in production volume.
Future trends to watch for:
- Economic fluctuations in Brazil that could impact construction demand.
- Environmental regulations and shifts towards sustainable building materials.
- Innovations in cement production technology and their adoption rates.
