The import of looped pile knit or crochet fabric of natural yarn (not cotton) to Brazil has consistently decreased from 2017 to 2021, with a notably sharp decline of approximately 47% in 2020 followed by a 42% reduction in 2021. From 2017 to 2021, the compound annual growth rate highlights an average annual drop of roughly 26%. In 2023, the import volume continued its downturn, reaching a critical low point.
Future trends to watch for:
- Potential influence of economic recovery post-pandemic on textile imports
- Shifts in domestic production capacities and changes in consumer demand
- Impact of trade policies on natural yarn textile imports
- Technological advancements in local knit and crochet fabric production
