In 2023, imports of rhodium unwrought or in powder form to Brazil stood at 50 million USD. The forecasted data indicates a steady increase in import values, reaching 57.187 million USD by 2028. This represents year-on-year growth rates between 2024 and 2028 ranging from around 2.9% to 2.5%. The compound annual growth rate (CAGR) over the forecast period is approximately 2.7%, suggesting a moderate upward trend in imports.
Future trends to watch for include fluctuations in global rhodium prices, changes in demand within Brazil's automotive and industrial sectors, and shifts in trade policies impacting metal imports. Additionally, technological advancements in alternatives to rhodium could affect future import levels.
