The retail sale of automotive fuel in specialized stores in Brazil is expected to grow steadily over the forecasted period from 2024 to 2028. The sector is projected to see increases from 35.8 billion Brazilian Reals in 2024 to 40.14 billion in 2028. This represents a Compound Annual Growth Rate (CAGR) of approximately 2.88%. The year-on-year growth percentage illustrates a consistent upward trend, with the most significant period of acceleration occurring between 2024 and 2026.
In 2023, the value added in this sector was slightly below 35.8 billion Brazilian Reals, illustrating the start of the positive growth trajectory.
Future trends to watch, include:
- Fluctuations in global oil prices impacting fuel costs.
- Potential shifts in consumer behavior towards electric vehicles.
- Government regulations that may incentivize alternative fuel sources.
