In 2023, Brazil's import of silver jewellery and parts was at 37.39 thousand kilograms. Looking forward, a steady year-on-year increase is forecasted, with imports expected to grow from 38.67 thousand kilograms in 2024 to 44.1 thousand kilograms in 2028.
- 2024 Growth: 3.42%
- 2025 Growth: 3.62%
- 2026 Growth: 3.42%
- 2027 Growth: 3.25%
- 2028 Growth: 3.06%
The Compound Annual Growth Rate (CAGR) over the five-year forecast period from 2024 to 2028 is approximately 3.35%, indicating a steady rise amidst global market shifts.
Future trends to watch for include the impact of global silver prices, consumer preferences for silver jewellery, and potentially shifting trade policies that could affect import dynamics in Brazil.
