The import of waste or scrap of stainless steel to Brazil is set to decline steadily between 2024 and 2028. The forecast shows a decrease from 1.303 million USD in 2024 to 1.2846 million USD in 2028, indicating a consistent downward trend over this five-year period.
From 2023, the import value declined through 2028, with year-on-year variations showing minor reductions of less than 0.5% annually. This steady decline results in a compound annual growth rate (CAGR) of negative value, highlighting an average annual decrease in imports. As of 2023, imports stood at 1.308 million USD, confirming the consistent downtrend in following years.
Future trends to watch for include the global demand for recycled materials and technological advances in domestic recycling capabilities. These factors may further impact Brazil’s reliance on imported stainless steel scrap in coming years.
