In 2023, the import of knitted or crocheted men's and boys' shirts of man-made fibres to Brazil was valued at 2.85 million. The forecast from 2024 to 2028 shows a consistent year-on-year decline. Specifically, imports are projected to decrease from 2.6282 million in 2024 to 1.7264 million by 2028. This represents a compound annual growth rate (CAGR) of approximately -7.71% over the five-year period, indicating a downward trend in imports.
Future trends to watch for:
- Changes in domestic production that may reduce dependency on imports.
- Potential trade policy shifts affecting import tariffs or restrictions.
- Evolving fashion trends and consumer preferences towards sustainable materials.
- Economic factors such as currency fluctuations impacting import costs.
