The data on Brazil's fuel imports from 2013 to 2023 shows fluctuations in value. From a high in 2014, it significantly dropped in the following years, especially noteworthy during 2016 and 2020. However, a noticeable recovery began in 2021 and continued until 2022, stabilizing in 2023 at 17.79 unit of goods imports.
Key observations:
- Year-on-year variation for 2022 was a significant increase of 30.76% compared to 2021.
- From 2022 to 2023, the growth slightly leveled off with a minimal gain of 0.041%.
- Over the last five years (2019-2023), the compound annual growth rate (CAGR) stood at 3.29%.
With forecast data suggesting marginal increases each year from 2024 to 2028, the expected CAGR for the forecast period is 0.03%, indicating a stable yet modest growth rate.
Future trends to watch for include potential impacts of geopolitical shifts, advancements in renewable energy adoption, and fluctuations in global oil prices on Brazil’s fuel import reliance and volumes.
