The import of used and new rags or scrap of textile material to Brazil is forecasted to decrease steadily from 2024 to 2028. In 2023, the value of imports was [insert 2023 value], with forecasts pointing to a progressive decline over the following years. From 2024 to 2028, the year-on-year percentage decreases indicate a consistent downward trend, signaling a reduction in market demand or a strategic shift towards alternative materials. The compound annual growth rate (CAGR) for the 2024-2028 period reveals an average annual contraction.
Future trends to watch for include:
- A potential shift in trade policies that could affect import volumes.
- Changes in consumer behavior towards sustainable materials.
- Technological advances in textile recycling impacting supply and demand dynamics.
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