In 2023, Brazil's import of rubber waste, parings, and scrap, except hard rubber, was at a standstill. The forecast for 2024 predicts an increase, followed by a steady yearly rise until 2028, with annual values increasing from 5.75 million kilograms in 2024 to 6.89 million kilograms in 2028. The average annual growth rate (CAGR) over this period is approximately 4.6%.
Future trends to watch include:
- Potential import policy changes in Brazil affecting the rubber recycling industry.
- Global market dynamics impacting the availability and pricing of rubber waste.
- Technological advancements in recycling processes increasing demand.