In 2023, the import of drawn or blown glass in sheets to Brazil stood at a certain value. Forecasts for 2024 to 2028 indicate a declining trend, starting at $375.82 thousand in 2024 and decreasing steadily to $259.81 thousand by 2028. The year-on-year percentage change reflects a consistent downward trajectory with significant reductions observed each year. The compound annual growth rate (CAGR) over the five-year period is negative, underscoring the overall decrease in import value.
Future trends to watch for include:
- Potential shifts in global trade agreements that may impact import tariffs and competition.
- Technological advancements in local glass manufacturing, potentially reducing import dependence.
- Changes in domestic demand for glass in sectors such as construction and automotive, influencing import volumes.