The forecast for Brazil's import of jute from 2024 to 2028 shows a slight upward trend, starting at 4.0088 million US dollars in 2024 and gradually increasing to 4.043 million US dollars by 2028. In 2023, the import value stood at approximately 4 million US dollars, indicating a stable but modest increase in subsequent years. Year-on-year percentage variations suggest a consistent growth pattern, albeit minimal. The compound annual growth rate (CAGR) over the forecast period is negligible, implying stable procurement trends.
Future trends to watch for include potential shifts in demand driven by changes in Brazil's agricultural and industrial sectors, advancements in synthetic alternatives, and possible trade policy adjustments affecting import tariffs and costs.
