The import of asbestos friction material, articles except for brake to Brazil has generally displayed a fluctuating trend over the last decade. From 2013 to 2015, there was a notable decline, followed by stabilization and slight increments. Despite a few highs and lows, the value stood at $7.8074 million in 2023. Year-on-year variation highlights 0.55% growth in 2023. Over the last two years, the trend has stabilized with minor increments, showing a growth pattern in 2022 and 2023. The Compound Annual Growth Rate (CAGR) over the past five years indicates a marginal upward trajectory at 0.6%.
Future trends to watch for include the potential impact of international regulations on asbestos use, technological advancements in friction materials, and Brazil's economic situation, which may influence import volumes. The forecasted CAGR for the next five years stands at 0.45%, suggesting continued but modest growth.
