In 2023, Brazil imported 48.351 million kilograms of shock absorbers for motor vehicles. The forecasted import volume for 2024 is 49.664 million kilograms, indicating a 2.71% increase from 2023. The anticipated year-on-year growth over the succeeding years shows a consistent upward trend: 2.72% in 2025, 2.59% in 2026, 2.47% in 2027, and 2.37% in 2028. This reflects a steady compound annual growth rate (CAGR) of 2.57% over the five-year forecast period.

Future trends to watch for:

Potential impact of evolving automotive technologies and their influence on shock absorber demand.
Trade policy changes and how they might affect import volumes.
Economic factors impacting the automotive industry and broader Brazilian economy.