The import of yarn of carded wool to Brazil is forecasted to show a declining trend from 2024 to 2028, with values decreasing from $78.32 thousand in 2024 to $23.6 thousand in 2028. Compared to the actual 2023 figure of $92.71 thousand, the projected decline over the forecasted years indicates a downturn in import volumes.
Year-on-year analysis suggests a continuous decrease, with significant drops visible even in the early years of the forecast. The compounded annual growth rate (CAGR) over the forecasted period indicates a negative trend, emphasizing a consistent reduction in imports.
Future trends to watch for include changes in global wool prices, shifts in textile industry demands, and Brazil's economic fluctuations which might influence import needs and domestic wool production capabilities.
