The share of metals in Brazil's total domestic material consumption shows a stable upward trend from 2024 through 2028, with forecasted values growing consistently from 6.73% in 2024 to 7.18% in 2028. This reveals a gradual increase, with the share showing a year-on-year growth. The compound annual growth rate (CAGR) reflects a positive, incremental rise, suggesting sustained demand for metals domestically.
Future trends to watch for include:
- Impact of industrial and infrastructure development policies on metal consumption.
- Fluctuations in global metal prices and their effect on domestic demand.
- Advances in material technology may alter consumption patterns.
- Environmental regulations influencing recycling and alternative material usage.