The import of hand-made rugs, including Kelem, Schumacks, and Karamanie, to Brazil is forecasted to decline from 2024 to 2028. In 2023, the imports stood at a higher level than forecasted values. Over the years 2024 to 2028, the volume is expected to decrease gradually, with an average annual decline (CAGR) in the market's value reflective of this trend. This declining trend highlights a reduced demand or possible shifts in consumer preferences towards domestic products or alternative purchasing options.
Future trends to watch for include:
- Potential impacts of economic policies favoring local manufacturing.
- Changes in consumer preferences towards sustainable and locally produced goods.
- The influence of exchange rates on import costs.
- Global trade conditions affecting the cost and availability of these products.
