From 2013 to 2023, Brazil's import of woven fabrics of artificial staple fibers has shown a rollercoaster trend. The value stood at $186.17 million in 2023. The year-on-year variations were highly volatile initially, with a significant spike of 108.7% in 2014 and a decline of 24.5% in 2016. From 2018 onwards, the growth stablized, with modest single-digit year-on-year increases, except for a brief dip in 2020. The average variation over the last five years (CAGR) up to 2023 was 5.26%.
Looking at the future, the forecast indicates a steadier growth with a 5-year CAGR of 2.98%, leading to an overall growth rate of 15.83% by 2028. The value is expected to reach $225.13 million by 2028. Watch for:
- Consumer demand shifts impacting fabric imports
- Trade policy changes affecting import volumes
- Technological advancements in textile manufacturing
- Economic growth influencing purchasing power and import capacity
