In 2023, Brazil's import of woven fabrics of combed wool or fine animal hair weighing not more than 300 g/m² stood at approximately 1.8 million USD. Forecasts indicate a declining trend in imports, with values decreasing in subsequent years: 2024 (1.5128 million USD), 2025 (1.2557 million USD), 2026 (1.0037 million USD), 2027 (0.75675 million USD), and 2028 (0.51474 million USD). This represents significant year-on-year decreases of 17.5% from 2023 to 2024, 17% from 2024 to 2025, 20% from 2025 to 2026, 24.5% from 2026 to 2027, and 31.9% from 2027 to 2028. The five-year compound annual growth rate (CAGR) predicts an average decline of around 22% per year from 2024 to 2028.
Future trends to observe include:
- Global economic conditions impacting luxury goods demand.
- Changes in Brazil's trade policies impacting textile imports.
- Development of domestic production capabilities.
- Fluctuations in raw material prices affecting costs.
