In 2023, the import of bumpers and parts thereof for motor vehicles to Brazil stood at 9.5081 Million Kilograms. From 2013 to 2023, the import volumes exhibited fluctuations with an overall downward trend initially, followed by periods of growth and stabilization. Notable year-on-year variations include significant declines in 2014 (-8.83%) and 2015 (-19.21%) culminating in a trough in 2016. Post-2016, the market showed recovery with moderate increases, and a noticeable upturn during 2021 (15.94%) and a consistent albeit slower growth towards 2023.
From a long-term perspective, the five-year CAGR from 2018 to 2023 is positive yet modest at 1.3%, indicating a slow but steady recovery in import volumes. The forecasted data from 2024 to 2028 suggests continuity in this trend, with an estimated five-year CAGR of 0.97%, projecting import volumes to reach approximately 10.075 Million Kilograms by 2028.
Future trends to watch include:
- Global automotive market dynamics, including demand and supply chain disruptions.
- Brazil's economic conditions and investments in automobile manufacturing and assembly industries.
- Technological advancements and regulatory changes in the automotive sector impacting import needs.
