As of 2023, Brazil imported tungsten (wolfram) powder valued at approximately $1.6 million. Forecasts from 2024 to 2028 suggest a declining trend in import value, decreasing modestly each year to $1.423 million by 2028. The yearly percentage decrease is consistent, demonstrating roughly 2.3% annual decline over this period. The Compound Annual Growth Rate (CAGR) over these five years indicates a gradual reduction.
Future trends to watch for include potential market developments in domestic production, which could further reduce dependence on imports. Global market fluctuations and technological advancements in tungsten applications might also impact Brazil's import activity.
