Brazil's import of refined copper and copper alloys experienced significant fluctuations from 2013 to 2023, standing at $1.2733 billion in 2023. The most notable annual drop was in 2016 with a decrease of 24.53%, followed by substantial growth in 2017 (42.02%). The five-year compound annual growth rate (CAGR) from 2013 to 2018 showed a consistent drop, while some recovery was evident from 2018 onwards.
Recent trends indicate:
- 2022-2023 saw a slight increase of 0.29%.
- Future predictions for 2024 to 2028 indicate a modest growth, with a forecasted CAGR of 0.24% and an overall growth rate of 1.18% over the five-year period.
Future trends to watch for include the potential impact of global economic conditions, technological advancements affecting copper usage, and domestic policy changes influencing import levels. The expected stability in CAGR suggests a gradual market adjustment, though sudden disruptions could alter this trajectory.
