Forecast: Export of Knitted or Crocheted Fabric from Brazil

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.

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