Between 2017 and 2021, Brazil experienced a consistent decline in the import of brakes and parts for railway rolling stock. Starting from 353.75 thousand kilograms in 2017, the import volume decreased by approximately 16% per year in 2018, 27% in 2019, 36% in 2020, and 55% in 2021. The compounded annual growth rate (CAGR) over this period was approximately -29%, indicating a significant annual reduction in imports.
In 2023, the import volume for this segment stabilized around 58.39 thousand kilograms, consistent with 2021 figures, highlighting a potential bottoming out of the previous downward trend. Looking into 2024 and beyond, factors such as Brazil's railway infrastructure developments, domestic production capabilities, and economic health could play crucial roles. Watch for technological advances and policy changes impacting domestic production and import needs in the railway sector.
