The Mining and Quarrying sector in Brazil is projected to see a steady increase in its value-added contributions from 2024 to 2028. In 2023, the sector stood at approximately 71.85 billion Brazilian Reals. The forecast suggests moderate year-on-year growth, with values rising from 72.67 billion in 2024 to 75.92 billion by 2028. This indicates a compound annual growth rate (CAGR) around 1.12% over this five-year period, reflecting stable expansion driven by consistent demand and investment in this sector.
Future trends to watch for include:
- Potential impacts of global commodity prices on Brazil's mining output.
- Technological innovations influencing operational efficiencies.
- Regulatory changes affecting productivity and sector investments.
- Environmental policies and their implications on mining activities.
