In 2023, the import of woven fabrics of silk or silk waste to Brazil stood at approximately 5 million USD. The forecasted values from 2024 to 2028 reveal a consistent downward trend, starting at 4.7309 million USD in 2024 and decreasing to 3.5444 million USD in 2028. The year-on-year decline in imports indicates a persistent reduction, suggesting a diminishing reliance on these imports. Over the last five years, the compound annual growth rate (CAGR) is negative, underlining a contraction in the market.
Future trends to watch for include:
- Potential shifts in consumer preferences towards alternative fabrics.
- Changes in Brazil’s domestic textile production capabilities.
- The impact of economic policies affecting import tariffs and trade agreements.
- Global price fluctuations in silk and related commodities.
