The import of knitted or crocheted fabric to Brazil experienced significant fluctuations from 2013 to 2023. Starting in 2013, imports were valued at $448.28 million, peaking in 2014 with a 23.64% increase. However, there was a substantial decline in 2015 and 2016, with decreases of 33.8% and 23.48% respectively. The market then began a slow recovery, with minor year-on-year increases noted from 2018 onwards. As of 2023, the import value stood at $358.11 million, showing a slight increase of 0.79% from the previous year. Overall, the compound annual growth rate (CAGR) over the last five years (2019-2023) was 0.8%.
Moving forward, forecasted data suggests a gradual increase in imports, rising to $372.72 million by 2028, with an anticipated 5-year CAGR of 0.63%. Future trends to watch for include potential impacts of global economic changes, Brazil's domestic production capacities, and shifts in consumer demand for knitted or crocheted fabric products.
