In 2023, Brazil imported 2.83 million kilograms of fresh or wet-salted whole hides and skins of bovine animals. Forecasts indicate a steady annual growth from 2024 to 2028, starting at 2.9314 million kilograms in 2024 and reaching 3.3697 million kilograms in 2028. The year-on-year growth rates over this period demonstrate gradual increases, enhancing Brazil's import volume. A compound annual growth rate (CAGR) of approximately 3.15% is projected from 2024 to 2028.
Future trends to watch for include:
- Sustainability trends impacting sourcing and demand.
- Potential regulatory shifts influencing import policies.
- Technological advancements in the tanning and leather industries affecting import volumes.
