In 2023, the import of non-irradiated fuel elements for nuclear reactors in Brazil stood at 1.47 million USD. Forecasted values show a consistent year-on-year increase: 2024 at 1.5015 million USD, 2025 at 1.5329 million USD, 2026 at 1.5637 million USD, 2027 at 1.5939 million USD, and 2028 reaching 1.6234 million USD. The CAGR for the period from 2024 to 2028 is approximately 1.6%, indicating steady growth in this market.
Future trends to watch:
- Development in Brazil's nuclear energy capacity and policy changes.
- Advancements in nuclear technology, impacting fuel element demand.
- Global geopolitical factors affecting nuclear material imports.
- Brazil's commitment to sustainable and clean energy goals.
