From 2013 to 2023, Brazil's textiles and clothing value added exhibited considerable fluctuation. The value dropped consistently from 6.83 in 2013 to 4.66 in 2020, a year marked by a notably steep decrease of 19.67%. A recovery phase began in 2021, peaking by 26.34% in 2022, followed by a modest increase of 4.03% in 2023, standing at 6.13 units of manufacturing value added.
Over the last two years, the value increased by 4.03%. The last five-year CAGR from 2019 to 2023 has been -0.21%, indicating a slight overall annual decline.
Future trends to watch for include stable or slightly decreasing value-added levels, with forecasted five-year CAGR of -0.03% and forecasted five-year growth rate of -0.14% by 2028. Factors like technological advancements, trade policies, and shifts in global supply chain dynamics will likely influence future performance.
