In 2023, Brazil imported non-electric industrial furnaces, ovens, and incinerators totaling approximately 7.55 million kilograms. The forecast for the upcoming years shows a declining trend: a decrease from 7.2969 million kilograms in 2024 to 6.336 million kilograms by 2028. This indicates a gradual year-on-year decrease of between 3.4% and 3.6% in import volume. The compound annual growth rate over this five-year period is approximately -3.6%, signifying a consistent diminution in imports.
Future trends to monitor include technological advancements affecting demand, Brazil’s industrial growth or contraction, changes in domestic production capabilities, and shifts in trade policies, which could influence import dynamics.
