Brazil’s apparel market is expanding at a substantial CAGR. Rising disposable income and growing consciousness about international fashion trends are the key factors contributing to market growth.
Factors such as increasing shift towards international fashion along with spiraling number of retail outlets are anticipated to encourage Brazilians to adopt fashionable apparel. Diversified manufacturing activities, digitisation, and proliferation of smart phones are likely to have a positive impact on sales.
Brazil is one of the largest exporters of apparel and fashion goods. Arab countries are some of the largest importers of apparels and textiles from Brazil. The United Arab Emirates accounts for the highest imports from Brazil, followed by Egypt, Algeria, and Morocco. Advanced techniques used in manufacturing helps manufacturers meet the demand from various countries.
Heightened interest of the government and private players in the country’s apparel and textile industry has contributed to making the country among the top textile producing countries. Small vendors are being provided subsides and trade barriers are being minimized to develop a favorable business environment in the country and encourage big companies. With economy recovering, the apparel industry is expected to rebound in coming years.