In 2023, Brazil imported wire of silico-manganese steel amounting to 23.8 million kilograms. From 2024 onwards, forecast data suggest a steady increase in import volume, growing from 24.131 million kilograms in 2024 to 25.433 million kilograms by 2028. This reflects a continuous upward trend with year-on-year growth rates averaging around 1.3% to 1.4%. The compound annual growth rate (CAGR) over the five-year period stands close to 1.4%, indicating a modest but consistent rise.
Future trends to watch for include potential market disruptions due to shifts in global steel demand, economic fluctuations in Brazil, and advancements in alternative materials that could impact the reliance on silico-manganese steel wires.
