In 2023, Brazil imported an estimated 8.52 million kilograms of bars, rods, and profiles of aluminium alloys. The forecasted data indicates a steady growth in imports to 8.75 million kilograms in 2024, and continuing to grow until reaching approximately 9.64 million kilograms in 2028. This represents an average annual growth rate, or CAGR, of around 2.5% over the five-year forecast period.
Future trends to watch for include:
- Fluctuations in global aluminium prices, which could impact the affordability and desirability of imports.
- Changes in Brazilian manufacturing sectors, especially automotive and construction, which are significant consumers of aluminium alloy products.
- Trade policies and agreements which may alter import tariffs or incentivize local production.