As of 2023, Brazil's hydrogen import value was recorded at 6.22 Thousand US Dollars. The forecasted data from 2024 to 2028 indicates a steady decline in the import value, signaling a decreasing trend. Specifically, the value is expected to decrease by 2.65% from 2024 to 2025, and by 2.88% from 2025 to 2026. This trend continues slightly more gradual with a decrease of 2.62% from 2026 to 2027 and 2.87% from 2027 to 2028. Over these years, a Compound Annual Growth Rate (CAGR) indicates a negative growth trajectory in hydrogen imports.
Future trends to watch for include:
- Increasing domestic production capabilities in Brazil could further reduce import reliance.
- Global hydrogen market fluctuations and shifts in energy policies affecting Brazil's import needs.
- Technological advancements and cost reductions in hydrogen production and storage might alter import patterns.
