The turnover in Brazil’s mining and quarrying sector is projected to steadily increase from BRL 258.11 billion in 2024 to BRL 297.86 billion by 2028. Based on available data, the turnover in 2023 was reported below BRL 258.11 billion. Forecasts indicate compound annual growth with a consistent year-on-year increase of around 3.7% over the period from 2024 to 2028. This growth reflects ongoing demand and expansion within the sector.
Future trends to watch for include:
- Global commodity price fluctuations.
- Environmental regulation impacts on mining operations.
- Technological advancements enhancing operational efficiency.
- Investment in sustainable mining practices.
