The Brazilian leather and fur processing sector, along with the manufacture of luggage, handbags, saddlery, and harness, is projected to witness a significant decline in employment from 2024 to 2028, dropping from 15.4 thousand to 8.42 thousand employees. In 2023, employment in this sector stood at 17 thousand employees. Year-on-year decreases illustrate a shrinking labor market, with a compounded annual growth rate (CAGR) indicating a persistent decline over five years.

Future trends to watch for:

Automation and digitization within the sector potentially reducing the need for manual labor.
Impact of evolving consumer preferences towards sustainable and ethically-produced goods on employment.
Policies and trade agreements influencing production and employment levels.