The import of synthetic staple fibers to Brazil has shown varied trends over the years. In 2023, the import value stood at $238.44 million. Between 2013 and 2023, the series experienced fluctuations with significant increases in some years such as 2017 (+29.9%) and 2018 (+34.46%) and declines in others, including 2016 (-12.38%) and 2020 (-13.46%).
From 2019 to 2023, the import values rebounded with a notable year-on-year increase of 25.32% in 2021. However, the growth rate has stabilized in recent years with a 3.57% increase from 2022 to 2023. The compound annual growth rate (CAGR) for the last five years up to 2023 is 2.31%.
The outlook for the next five years indicates a steady growth trend, with a forecasted CAGR of 2.6% and an overall growth rate of 13.71% by 2028. Future trends to watch include potential impacts of global trade policies, the economic health of Brazil, and technological advancements in synthetic fiber production that may affect import dynamics.
