The import of tyre cord fabric of high tenacity polyester yarn to Brazil is projected to grow steadily, with forecasted values rising from 13.483 million kilograms in 2024 to 15.118 million kilograms by 2028. In 2023, the import volume stood at 13.0 million kilograms, highlighting a consistent upward trend over the forecast period.
Key trends and variations:
- 2024: Year-on-year growth of approximately 3.7% from 2023.
- 2025: 3.1% increase compared to the previous year.
- 2026: Growth of around 3.0% year-on-year.
- 2027: A rise of 2.8% from the previous year.
- 2028: Projected to increase by 2.7% over the prior year.
The compound annual growth rate (CAGR) over the forecast period is approximately 3.1%, indicating a robust demand for tyre cord fabric in Brazil.
Future trends to watch for include the potential impact of technological advancements in material production, shifts in global trade policies, and the economic dynamics affecting Brazil's automotive sector, which could influence import patterns.
