In 2023, Brazil imported automobiles with compression-ignition internal combustion piston engines not exceeding 1500 CC totaling 34.0 thousand kilograms. From 2024 to 2028, forecasts predict a steady increase in imports, reaching 41.96 thousand kilograms by 2028. Year-on-year, the import volume is expected to grow by about 4.67% on average. The compound annual growth rate (CAGR) for this period is approximately 4.34%.
Future trends to watch for:
- Global shifts towards electric vehicles that might impact diesel engine imports.
- Brazil's economic growth or policy changes affecting the automotive market.
- Advancements in fuel efficiency technology potentially influencing demand.