The projected imports of iron and non-alloy steel in ingots to Brazil from 2024 to 2028 show a modest upward trend, beginning at $59.96 thousand in 2024 and reaching $62.22 thousand by 2028. This represents incremental year-on-year growths of approximately 0.97% in 2025, 0.94% in 2026, 0.92% in 2027, and 0.89% in 2028. The compound annual growth rate (CAGR) calculated over the five-year period is about 0.93% annually. In 2023, the import value was lower than 2024 projections, indicating a recovery and growth in this sector.
Future trends to monitor include:
- Potential fluctuations due to global steel price changes.
- Impact of Brazil's industrial demand and infrastructure projects.
- Influence of international trade policies on import dynamics.
