The import of trucks with lifting equipment to Brazil has shown a significant downward trend from 2013 to 2023, dropping from $592.04 million to $96.292 million. This represents a major decline over the decade, with the largest year-on-year drops observed in 2015 and 2016. While there was a slight rebound in 2017 and a modest recovery in 2021, the overall trend remains negative, with imports decreasing by 9.78% from 2022 to 2023.
Looking at future forecasts, the decline is expected to continue. Projections from 2024 to 2028 predict a consistent annual decrease of 13.27%, with the import value estimated to fall to $41.436 million by 2028. This shows a significant reduction of 50.92% over the five-year period.
Future trends to watch for:
- Exchange rate fluctuations and their impact on import costs.
- Domestic production capabilities and potential market shifts towards locally manufactured trucks with lifting equipment.
- Changes in regulatory policies regarding imports and tariffs that could influence demand.
- Economic factors affecting overall demand for construction and industrial vehicles in Brazil.
