The import of photosensitive, photovoltaic, and LED semiconductor devices to Brazil has experienced fluctuations over the years. From 2013 to 2023, there were significant ups and downs, with a noticeable peak in 2014 due to a remarkable 68.27% year-on-year growth. However, there were periods of decline like in 2015 and 2016. From 2018 onwards, the trend stabilized with moderate growth except for a drop in 2020. By 2023, the value stood at 1.5417 billion.
Year-on-year variation observed the most significant jump in 2014, a decline in mid-years, and minor fluctuations toward the end, leading to a 1.52% increase in 2023. The five-year CAGR from 2018 to 2023 was relatively stable at 0.6%. For the forecast from 2024, a steady growth pattern is noted with an average annual growth rate (CAGR) of 1.18%. The import value is expected to reach 1.662 billion by 2028, marking overall growth of 6.06% over five years.
Future trends to watch for include the adoption of sustainable and renewable energy solutions driving demand for photovoltaic devices and advancements in LED technology promoting energy efficiency. Global market dynamics and Brazil's economic policies will also influence import rates.
