The projected data for Brazil's mining and quarrying sector indicates a steady increase from 2024 to 2028, with production measured in Billion Brazilian Reals. In 2023, production stood at an undisclosed value, but forecasts show a consistent annual growth rate. Specifically, the year-on-year growth rates depict a gradually increasing trend: 3.87% from 2024 to 2025, 3.66% from 2025 to 2026, 3.46% from 2026 to 2027, and 3.28% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year forecast period reflects positive momentum in the sector.
Future trends to watch for:
- Technological advancements that could enhance extraction efficiency and reduce environmental impact.
- Shifts in global commodity demand driven by emerging markets and international trade policies.
- Government policies and regulations impacting mining operations and sustainability practices.
- Impact of fluctuating global commodity prices on sector profitability.