In 2023, Brazil imported electric storage heating radiators totaling 124.5 thousand kilograms. Forecast data depicts a continual decline in import volumes from 2024 through 2028. The projected year-on-year changes show decreases of approximately 18.9% from 2024 to 2025, 22.8% from 2025 to 2026, 29.0% from 2026 to 2027, and 39.9% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 indicates a steady reduction in imports by a significant margin each year.
Future trends to watch for include:
- A shift towards locally manufactured products due to growing domestic production capabilities.
- Potential policy changes influencing import tariffs and regulations.
- An increasing focus on energy-efficient heating solutions possibly affecting product preference and import volumes.