The export of knitted or crocheted fabric from Brazil has seen fluctuations over the past decade. From 2013 to 2015, there was a notable increase, peaking at 62.386 million USD in 2015. However, subsequent years showed a mix of declines and modest recoveries. The COVID-19 pandemic notably impacted exports in 2020, with a significant year-on-year decline of 16.6%. Post-pandemic recovery efforts led to a 21.05% increase in 2021, stabilizing around 54 million USD by 2023. The Compound Annual Growth Rate (CAGR) over the past five years up to 2023 is 1.32%.
Forecast from 2024 to 2028 suggests a modest upward trend with an average annual CAGR of 0.37%, projecting exports to reach 55.652 million USD by 2028. However, the growth rate remains conservative, indicating potential market saturation or global competition challenges.
Key future trends to watch for include:
- Global demand fluctuations for knitted or crocheted fabric.
- Technological advancements in textile manufacturing improving efficiency and quality.
- Brazilian economic policies and international trade agreements influencing export capabilities.
- Sustainability trends driving market preferences towards eco-friendly textile production.