The forecasted value added in support activities for the oil and gas extraction sector in Brazil shows a gradual decline from 2024 to 2028, starting at 4.28 billion reals in 2024 and ending at 4.07 billion reals in 2028. Compared to the estimated value for 2023 of 4.33 billion reals, this represents a consistent decrease over these years.
The year-on-year percentage decrease from 2024 to 2025 is 1.4%, and from 2025 to 2026 is 1.2%. The decline continues at a similar rate with a 1.2% decrease from 2026 to 2027 and 1.2% from 2027 to 2028. The compound annual growth rate (CAGR) for this period is approximately -1.2%.
Future trends to watch for include potential impacts of global oil prices, Brazilian regulatory changes, advancements in extraction technologies, and geopolitical developments that may influence the sector. Additionally, the transition to renewable energy sources might further affect the dynamics of this sector.
