In 2023, the import value of cut corduroy cotton fabric to Brazil was approximately USD 1.83 million. Forecast data from 2024 to 2028 shows a declining trend in imports, with a year-on-year decrease of around 11.25% from 2024 to 2028. Over this five-year period, the compound annual growth rate (CAGR) is expected to be approximately -13.61%, indicating a significant and consistent decline in import values.
Future trends to watch for:
- Potential shifts in global or local demand for corduroy fabric affecting imports.
- Economic factors or trade policies impacting Brazil's textile market.
- Innovation in alternative fabrics that may replace corduroy in the market.