In 2024, the forecast for Brazil's import of poultry incubators and brooders is $955.62 thousand. This is an increase from the 2023 actual value, which stood at $1,000 thousand. The data suggests a decreasing trend over the forecast period, with a consistent year-on-year decline projected through 2028. Specifically, from 2024 to 2025 the value decreases by 3.93%, and an annual decline is observed through to 2028, culminating in a compounded annual growth rate (CAGR) of -3.96% over five years.
The continued decrease in import value could be influenced by emerging trends such as:
- Increasing domestic production capacities which reduce dependency on imports.
- Potential fluctuations in currency rates that impact import costs.
- Economic and policy changes affecting trade dynamics or promoting local manufacturing.
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