Brazil's non-metallic minerals consumption declined significantly from 30.78 units in 2013 to 27.08 units in 2023. The decreasing trend from 2013 bottomed out in 2017, after which the consumption has gradually increased year-on-year from 26.31 units in 2017 to 27.08 units in 2023.
The annual percentage variation shows a minor yet consistent growth in the past two years with approximately 0.29% in 2022 and 0.30% in 2023. The forecast for 2024 shows a slight increase, continuing this trend at 0.30%. From 2023 to 2028, the forecasted five-year CAGR is 0.22%, indicating a modest, steady rise with a total growth rate of 1.1% over the period.
Future trends to watch for:
• Technological advancements in mining and processing techniques.
• Integration of sustainable and environmental-friendly practices.
• Impact of regulatory changes and the economic environment on demand.
• Potential growth in infrastructure projects boosting consumption.
