In 2023, Brazil's cobalt imports stood just below 1.350 million kilograms. The forecast data indicates a gradual increase from 2024 through 2028, suggesting a consistent growth trajectory. Year-on-year growth from 2024 to 2025 is approximately 4%, indicating a steady rise in cobalt demand. This trend continues with a similar year-on-year increase through 2028. The compound annual growth rate (CAGR) over the five years is expected to be around 3.6%, illustrating a moderate but steady growth path for cobalt imports in Brazil.

Future trends to watch for:

Technological advancements in battery storage and electric vehicles, influencing demand.
Global supply chain dynamics affecting availability and prices.
Environmental policies and sustainability targets that could impact import levels.