In 2023, Brazil's import of woven products of iron or steel, except stainless steel, stood at 1.030 million kilograms. The forecasted data from 2024 to 2028 shows a gradual increase in import volumes. Year-on-year growth percentages indicate a steady upward trajectory, peaking by 2028 at an anticipated 1.1654 million kilograms. The Compound Annual Growth Rate (CAGR) over this five-year period is optimistic, with a consistent rise annually.
Future trends to watch for:
- Monitoring global steel prices as fluctuations could impact import volumes.
- Assessing Brazil's domestic production capacity and its effect on import dependence.
- An evaluation of economic policies and their influence on trade dynamics.