In 2023, Brazil's imports of knitted or crocheted pullovers and cardigans of cotton were valued at 7.25 million. The forecast for 2024 suggests an increase to 7.366 million, displaying a modest growth year on year. The projected forecast for the subsequent years up to 2028 indicates a steady increase, reaching 7.801 million by 2028. This represents a consistent growth in imports, with an average compound annual growth rate (CAGR) over the next five years.
Future trends to watch for:
- Monitoring the influence of global trade policies and potential tariffs on import levels.
- Evaluating the impact of Brazil's economic conditions, such as inflation and currency exchange rates, on import trends.
- Observing changes in consumer preferences towards sustainable or locally-produced textiles.