From 2024 to 2028, Brazil's import of raw silk is forecasted to decrease modestly from 38.99 thousand kilograms to 38.5 thousand kilograms. Comparatively, actual data for 2023 indicates that imports were slightly higher. The year-on-year decline averages to approximately 0.3%, demonstrating a steady yet minor decline in import volume. Over the five-year period, the Compound Annual Growth Rate (CAGR) suggests a slight downward trend in raw silk imports.
Future trends to watch for:
- Shifts in global silk production and pricing which could influence import demands.
- Technological advancements in fabric production within Brazil potentially reducing dependency on imports.
- Changes in consumer preferences towards alternative textiles that might affect silk demand.
- Trade policy adjustments impacting import conditions or costs.