The forecasted import of aluminium waste or scrap to Brazil is anticipated to rise steadily from 2024 to 2028, beginning at $287.43 million and reaching $336.37 million by 2028. In 2023, the import value stood at $275 million, representing a consistent upward trend over the years.
Year-on-year growth rates from 2024 to 2028 suggest a stable increase, reflecting Brazil's growing demand for aluminium waste and scrap for recycling and manufacturing needs. The compound annual growth rate (CAGR) over this period indicates a consistent average annual increase.
Future trends to monitor include major shifts in Brazil's industrial demand for recycled materials, potential regulatory changes affecting scrap imports, and economic factors that could influence market growth. The global aluminium market dynamics and environmental policies promoting recycling will also impact this trend.
