The value added in the wearing apparel sector in Brazil is forecasted to increase steadily from 2024 to 2028, growing from 25.12 billion Brazilian Reals in 2024 to 27.06 billion in 2028. Compared to 2023, where the sector stood at approximately 24.65 billion, this indicates incremental growth.
The year-on-year growth rates for each forecasted year demonstrate a consistent increase. From 2024 to 2025, a 2% increase is projected, followed by 1.92% the next year, 1.84% from 2026 to 2027, and a 1.77% growth in 2028. The compound annual growth rate over these five years is estimated at roughly 1.90%.
Future trends to watch for include consumer preference shifts towards sustainable and locally sourced apparel, which may affect demand dynamics. Additionally, advancements in technology and digitalization within the sector could drive efficiency and further value addition over the coming years.
