The value added of non-metallic mineral products in Brazil saw a fluctuating trend from 2013 to 2023. After steady growth in 2013 and 2014, the market experienced significant declines in 2015 and 2016, continuing a downward trend into 2017. A slight recovery was observed in 2018 and 2019, with a notable increase in 2020, attributed to potential economic stimuli or market adjustments. However, subsequent years from 2021 to 2023 saw marginal declines, stabilizing around 25 billion Brazilian Reals in 2023.
- In 2023, the value stood at 25.1 billion Brazilian Reals.
- Year-on-year variation in 2022 and 2023 was -0.46% and -0.45%, respectively.
- The five-year CAGR from 2019 to 2023 registered a modest growth of 0.27%.
- Forecasted data from 2024 to 2028 indicate a gradual decrease, with a predicted five-year CAGR of -0.36% and a five-year growth rate of -1.77%.
Future trends to watch for include potential market influences such as global economic conditions, demand shifts in construction and manufacturing, and technological advancements in production processes. Additionally, environmental regulations and sustainability efforts may play a critical role in shaping the market landscape over the coming years.
