The market size for knitted or crocheted pile fabric in Brazil showed a consistent growth trend from 2012 to 2014, with values increasing from 520.41 million USD to 684.26 million USD. However, there were fluctuations in subsequent years. The period from 2015 to 2022 exhibited mixed performance, with notable peaks in 2017 (923.21 million USD) and a low in 2018 (854.42 million USD). The most recent data indicates the market stabilized, with 2022 seeing a value of 908.32 million USD. The year-on-year growth varied, showing robust peaks such as 34.65% in 2017 and modest increases in other years, settling at 2.5% in 2022. The 5-year CAGR highlights the market's resilience despite these fluctuations, albeit ending on a slightly negative note at -0.32% by 2022.
Moving into 2024 and beyond, several trends are worth monitoring:
- Technological advancements in fabric production
- Sustainability and eco-friendly products
- Rising domestic demand and export opportunities
- Pricing strategies influenced by raw material costs and economic conditions
- Impact of global supply chain dynamics
| # | 19 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 1,021,400,000 | 2023 | +4.22% | +3.63% | |
| 2 | 2 Colombia | 266,760,000 | 2023 | +4.01% | +4% | View data |
| 3 | 3 Spain | 144,580,000 | 2023 | +1.22% | -1.03% | View data |
| 4 | 4 Germany | 117,890,000 | 2023 | -6.44% | -5.29% | View data |
| 5 | 5 United Kingdom | 117,420,000 | 2023 | -1.49% | +0.34% | View data |
