| Year | Value (Million USD) | YoY Variation (%) |
|---|---|---|
| 2024 | 64.281 | - |
| 2025 | 64.556 | 0.43 |
| 2026 | 64.825 | 0.42 |
| 2027 | 65.088 | 0.41 |
| 2028 | 65.347 | 0.40 |
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 0.43%.
Future trends to watch for include potential economic growth or slowdown in both Brazil and Thailand, changes in consumer demand for leather goods, and possible trade policy adjustments between the two countries. Additionally, sustainability trends in fashion and materials may also significantly impact this market.
