The forecast indicates a consistent decline in Brazil's imports of silk waste from 2024 to 2028, starting at 51.45 thousand USD in 2024 and decreasing to 42.87 thousand USD by 2028. This represents a Compound Annual Growth Rate (CAGR) of approximately -4.5%. It is important to note that the import value stood at a higher amount before 2024, reflecting a year-on-year decrease due to possible changes in market demand or shifts in trade policies.
Future trends to watch for include:
- Brazil might focus on developing domestic alternatives to silk waste, reducing reliance on imports.
- Changes in global silk production and market prices could impact import volumes and values.
- Possible trade agreements or barriers could further influence import dynamics.