From 2023 to 2028, the import of iron or steel baths, excluding cast iron, to Brazil is projected to gradually decrease. This descending trend starts with 24.57 thousand kilograms in 2024 and tapers to 22.39 thousand kilograms by 2028. Starting from an actual import figure of approximately 25 thousand kilograms in 2023, these numbers indicate a steady reduction in import volumes year-on-year. The average annual decline or CAGR over this period stands at around 2%, reflecting a consistent downturn in demand or a shift in market conditions.
Future trends to watch for include potential shifts in local manufacturing capabilities or changes in consumer preferences for bath materials, which may impact the demand for imported iron and steel baths. Economic factors such as trade policies or currency fluctuations could also influence import volumes.
