In 2023, the import value for flat knitting machines and stitch-bonding machines to Brazil was 1.83 thousand. The forecast from 2024 to 2028 indicates a gradual decline, with import values decreasing yearly by 1.71%. Between 2024 and 2025, the import value is predicted to decrease by 1.66%, followed by a reduction of 1.12% from 2025 to 2026, and 1.14% from 2026 to 2027. The compound annual growth rate (CAGR) over the period suggests a 1.35% annual decrease.
Future trends to watch:
- Potential recovery or further decline influenced by technological advancements in local manufacturing.
- Economic factors such as tariff adjustments and trade partnerships with key machinery-exporting countries.
- The impact of sustainability demands on manufacturing processes.