From 2017 to 2021, the import volume of slag wool, rock wool, and similar mineral wools in Brazil exhibited a significant downtrend. In 2017, the quantity imported was substantial, but by 2021, it plummeted dramatically to a negligible level. Over these five years, the compound annual growth rate (CAGR) showed a sharp decline. Year-on-year variations illustrate a continuous decrease, especially post-2019, with a stark reduction leading up to 2021.
Future trends to watch for:
- Changes in domestic production capacity and technology advancements in Brazil, potentially reducing reliance on imports.
- Global market shifts concerning raw material availability and price fluctuations impacting import volumes.
- Government policies concerning construction and insulation materials usage, influencing demand for these imports.
- Environmental considerations and energy efficiency trends pushing for sustainable building materials, possibly impacting demand.