The import of silver compounds to Brazil witnessed significant fluctuations over the past decade with values expressed in thousand kilograms. In 2023, the volume stood at 19.32, representing a 5.05% year-on-year increase. The preceding year had a slight uptick with a 0.41% change, whereas 2021 showcased a stronger growth of 33.93%. From 2019 to 2024, the imports fluctuated but indicated an upward trend overall, with future projections implying continuous growth.
Key variations observed:
- From 2013 to 2016, the imports grew exponentially, peaking at 15.0 in 2016.
- The period between 2017 and 2020 saw a series of declines and rebounds, with a notable drop in 2020 at -11.71%.
- Between 2021 and 2023, consistent growth occurred, leading to a favorable outlook for the upcoming years.
Looking forward, the expected average annual growth rate (CAGR) over the next five years is 3.49%, indicating a steady but modest upward trajectory. The overall growth rate for this forecast period is projected at 18.73%. Future trends to watch include global silver market dynamics, Brazil's industrial demand for silver compounds, and potential regulatory developments affecting imports.
