The forecast for the import of semi-finished products of alloy steel, except stainless, to Brazil shows a declining trend from 2024 to 2028. In 2023, imports stood at a higher value compared to the forecasted figures. The year-on-year variation indicates a consistent decrease, with the value projected to decline from $10.728 million in 2024 to $8.9109 million in 2028. The compound annual growth rate (CAGR) over this period reveals an average annual decrease.
Future trends to watch for include:
- Global economic conditions impacting steel demand.
- Brazil's domestic steel production capabilities and industrial strategies.
- Potential policy changes affecting import tariffs and trade agreements.
- Technological advancements or shifts towards sustainable materials.
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