Based on the forecasted data, the number of enterprises in Brazil's basic precious and non-ferrous metals sector is expected to decline from 246 in 2024 to 210 by 2028. This represents an approximate annual decline of 3.9% on average. The 2024 figure marks the beginning of this downward trend, suggesting a consistent contraction in the sector over the next five years.
Future trends to watch for:
- Impact of global economic conditions on Brazil's export markets, which could affect the demand for non-ferrous metals.
- Technological advancements and sustainability initiatives that might influence the production methods and competitiveness of enterprises.
- Policy changes in Brazil that could either support or challenge the growth of this industry.