Forecast: Value Added of Motor Vehicles in Brazil

In recent years, the Value Added of Motor Vehicles in Brazil has experienced notable fluctuations. From a peak of 61.1 billion Brazilian Reals in 2013, the value declined significantly, reaching a low of 33.86 billion in 2016. A recovery began in 2017, with values climbing back to 55.57 billion by 2019. However, the impact of the COVID-19 pandemic resulted in a substantial drop to 40.22 billion in 2020. Post-pandemic, the industry saw a gradual recovery, achieving 51.2 billion in 2023.

Key year-on-year variations:

• 2019: +4.31%
• 2020: -27.63%
• 2021: +15.91%
• 2022: +6.68%
• 2023: +2.96%

The last 5-year CAGR stands at -0.79%, highlighting a slight overall decline. Forecasts from 2024 to 2028 project a further annual decrease, with a forecasted 5-year CAGR of -2.33%, predicting the value to decrease to 44.24 billion by 2028.

Future trends to watch for include the impact of emerging technologies, the push towards electric vehicles, governmental policies on emissions and incentives, and the global economic conditions influencing automotive demand and production.