The import of yarn of acrylic or modacrylic staple fibers mixed mainly or solely with wool or fine animal hair to Brazil is forecasted to show a declining trend from 2024 to 2028. In 2023, the actual import value stood at a higher position compared to the forecasted values from 2024 onwards. With each subsequent year, the value decreases progressively: from 95.49 thousand USD in 2024 to 65.31 thousand USD in 2028.
The year-on-year percentage variation suggests a noticeable downtrend, with imports decreasing at an average rate each year. The compound annual growth rate (CAGR) over the forecast period is anticipated to reflect a contraction in import value.
Future trends to watch for include:
- The impact of domestic production capabilities improving within Brazil.
- Changes in trade agreements or tariffs that may affect import levels.
- Fluctuations in global demand for wool-blended fibers which may influence import strategies.