In 2023, Brazil's import of yarn of wool or fine animal hair was valued at approximately 90.76 thousand US Dollars. The forecast from 2024 to 2028 indicates a gradual increase, reaching 99.12 thousand US Dollars by 2028. The year-on-year growth rate ranges between 1.8% and 1.7%, while the compound annual growth rate (CAGR) over this period is approximately 1.8%.
Future trends to watch for include:
- Potential fluctuations in global wool prices impacting import values.
- Changes in domestic demand for wool-based products driving import levels.
- Trade policies and agreements that might affect import tariffs and duties on wool and fine animal hair yarns.
- Technological advancements in textile manufacturing that might shift demand patterns.
