In 2023, the import of diesel-powered trucks weighing less than 5 tonnes to Brazil was significantly lower compared to forecasted levels starting in 2024. From 2024 to 2028, the imports are projected to grow steadily. Notably, there are year-on-year increases observed, indicative of a rising trend in import demands. Over this period, the compound annual growth rate (CAGR) reveals a moderate but consistent increase in import values, suggesting a positive market outlook.
Future trends to watch for:
- Potential policy changes regarding diesel-powered vehicles in Brazil affecting import dynamics.
- Shifts in consumer preference towards more environmentally-friendly alternatives impacting diesel truck imports.
- Economic factors, such as currency fluctuations and domestic production, influencing import volumes.