The import of transmission belts of rubber to Brazil is forecasted to show a steady growth from 2024 to 2028, increasing from 2.8075 million kilograms to 2.9043 million kilograms. In 2023, the import volume stood at 2.785 million kilograms, marking a slight upward trajectory in subsequent years. Year-on-year, the import volume is expected to grow by approximately 0.9% to 1% annually. The compounded annual growth rate (CAGR) over the five-year period from 2024 to 2028 is projected at around 0.8%.
Future trends to watch for:
- Potential impacts of global trade policies, particularly any changes in trade agreements or tariffs between Brazil and major rubber belt producing countries.
- Technological advancements in other conveyance or traction sectors which might influence the demand for rubber transmission belts.
- Brazil’s industrial growth and its reliance on machinery using rubber transmission belts.
- Fluctuations in raw material costs that could affect production and import decisions.
