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Brazil’s apparel market to expand at a substantial CAGR by 2025

As per a report by Hexa Research, Brazil’s apparel market is projected to expand at a substantial CAGR to reach $42.80 billion by 2025. The factors contributing to this growth are: rising disposable income and growing consciousness about international fashion trends. Increasing shift towards international fashion along with spiraling number of retail outlets are anticipated to encourage Brazilian people to adopt fashionable apparel. Diversified manufacturing activities, digitalisation, and proliferation of smartphones are also likely to have a positive impact on the sales of apparel in Brazil owing to time saving and convenience factors.

The United Arab Emirates accounted for the highest imports from Brazil, followed by Egypt, Algeria, and Morocco. Advanced techniques used in manufacturing industry items would probably help manufacturers to meet the global demand from various countries.

 

 
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