Frankly, hammocks can be bought anywhere in Brazil, especially as one heads north.
But the best place to buy them is Fortaleza - the birthplace of hammocks.
If you are heading that way and you get really tempted by the lovely designs, hold onto to your desires until you get to Fortaleza and even then, get it from Mercado Central (Central Market).
This is a huge local market with several stories selling everything. Make your way around the Central Market and hunt for the best designs and bargain for the best prices. There are also many stores in the surrounding area near the Central Market that sell hammocks for really fair prices.
Earlier on in my trip, everyone told me I could get a hammock for R30 (less than US$14), more or less... which was quite a good price. But here, I managed to buy one (albeit, a simple one for the riverboat ride down the Amazon) for R15 (US$7) and I later saw the same ones priced at R11 (US$5) outside the Central Market.
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Theme: Local Craft