From 2013 to 2023, Brazil's import of needleloom felt and stitchbonded fiber fabric exhibited notable fluctuations. The market experienced a sharp increase in 2013, followed by relatively smaller variations, with notable dips in 2015 and 2016. A significant recovery occurred in 2017, and consistent growth was observed through to 2023. In 2023, the import value stood at 5.4284 million USD, reflecting a 3.6% year-on-year increase, and an average annual growth rate (CAGR) of 2.47% over the past five years.
The forecast for 2024 and beyond indicates steady growth, with the value expected to reach 6.414 million USD by 2028, translating to a five-year CAGR of 2.62% and a cumulative growth rate of 13.81%.
Future trends to watch for include:
- Impact of trade policies and tariffs on import prices.
- Fluctuations in global fiber prices which could affect import costs.
- Technological advancements in fiber fabric production impacting market demands.
- Sustainability trends influencing demand for eco-friendly fiber materials.
