In 2023, the import value of angles, shapes, and sections of stainless steel bars and rods to Brazil stood at 60 million USD. The forecast from 2024 to 2028 shows a steady increase in imports, with an average growth rate of approximately 1.8% per year. From 2024 to 2025, the year-on-year growth is estimated at 2.5%, followed by 2.4% from 2025 to 2026, 2.3% from 2026 to 2027, and 2.2% from 2027 to 2028. The compound annual growth rate (CAGR) over the next five years is projected to be around 2.3%.
Future trends to watch include:
- Global supply chain developments, which may impact import volumes and prices.
- The progression of Brazil's domestic infrastructure projects, affecting demand for stainless steel.
- Potential trade policy changes between Brazil and major steel-exporting countries.