In 2023, the import volume of knitted or crocheted men's and boys' ensembles of cotton to Brazil was approximately 7.6 thousand kilograms. The forecasts from 2024 to 2028 indicate a consistent decline in import volume. Specifically, a year-on-year decrease of 15.27% is expected in 2025, 18.33% in 2026, 22.05% in 2027, and 28.0% in 2028. This represents a compound annual growth rate (CAGR) of -15.91% from 2024 to 2028, highlighting a substantial decline over the five-year period.
Future trends to watch for include:
- Global economic conditions that could impact purchasing power and demand in Brazil.
- Shifts in domestic production capacity affecting the need for imports.
- Trade policies and tariffs that could alter the cost-competitiveness of imports.
- Consumer preferences towards sustainable and locally made products impacting cotton ensemble imports.
