The import of not carded or combed staple fibers of acrylic or modacrylic to Brazil stood at approximately 14.5 million USD in 2023. The forecasted data indicates a steady increase, with a year-on-year growth rate of about 2.3% expected from 2024 to 2028. Specifically, the CAGR shows an average annual growth rate of around 2.23% over the forecasted five-year period till 2028.
Future trends to watch include:
- Fluctuations in global acrylic fiber prices which could impact import costs.
- Potential trade policy adjustments under Brazil's economic strategies affecting import regulations.
- Advancements in local recycling technologies that might reduce dependency on imports.