The forecast for Brazil's import of carded wool from 2024 to 2028 shows a consistent decline in volume, decreasing from 10.72 to 9.69 thousand kilograms. As 2023 actual data stands at 11.0 thousand kilograms, the projected year-on-year decrease is evident, with an average compound annual growth rate (CAGR) showing a negative trend over the period. This signals a steady reduction in import volume over these years.
Future trends to watch for:
- Changes in Brazilian textile industry demand, potentially impacting import volumes.
- Global economic conditions and trade policies affecting wool export markets.
- Technological advancements in synthetic fibers influencing the demand for natural fibers.