In 2023, the import value of casting machines used in metallurgy and foundries to Brazil was $13.5 million. Forecasted figures indicate a steady decline in imports from 2024 to 2028, with values decreasing from $11.93 million to $4.23 million. This represents a year-on-year decrease of approximately 16.7% from 2024 to 2025, 19.5% from 2025 to 2026, 23.8% from 2026 to 2027, and 30.6% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period is -20.3%.
Key trends to watch include:
- Impact of economic conditions and industrial demand in Brazil.
- Preference for domestically produced casting machines.
- Technological advancements possibly reducing the need for imported machinery.
- Government policies affecting trade and manufacturing sectors.
