The forecast for the number of establishments in the iron ore mining sector in Brazil from 2024 to 2028 reveals a steady decline—from 155.79 in 2024 to 139.85 establishments in 2028. Given the absence of 2023 data for reference, the forecasted trend indicates a decrease at an average annual rate, yet specific percentage variations remain uncalculated. The five-year period highlights a negative CAGR, emphasizing a consistent reduction in the sector's establishment count.
Future trends to watch for include:
- Potential regulatory changes affecting the mining industry.
- Fluctuations in global iron ore demand that could impact Brazil’s mining sector.
- Technological advancements improving mining efficiencies, possibly altering the number of required establishments.