The turnover in the rubber products manufacturing sector in Brazil is set to grow steadily from 2024 to 2028, with a compound annual growth rate (CAGR) of approximately 1.9%. In 2024, the industry turnover is projected at 37.07 billion Brazilian Reals, increasing to 40.04 billion by 2028. Comparing these figures to the actual turnover in 2023, this forecast indicates a moderate upward trend. The year-on-year growth rates from 2024 to 2028 are about 2.0%, reflecting consistent growth.
Future trends to watch for include potential impacts from global supply chain dynamics, changes in raw material costs, technological advancements in manufacturing, and shifts in domestic and international demand driven by new applications and innovations in rubber products.
