The output of land transport and transport via pipelines in Brazil has seen significant growth from 2013 to 2023, reaching 489.64 billion Brazilian Reals in 2023, based on the provided series in volume terms. The data reveals a general upward trajectory with high growth rates, particularly notable from 2017 to 2019. However, 2020 saw a slight decline, likely influenced by global disruptions. By 2023, the yearly growth stood at 4.2%, with a consistent CAGR of 4.19% over the last five years.
Future trends to watch for:
- Moderate growth with the forecasted 5-year CAGR at 2.83%
- Increased investments in infrastructure and technology driving efficiency
- Potential impacts of global economic fluctuations and sustainability initiatives