The projected values for Brazilian leather goods exports to Australia indicate a continuous decline: $16.509 million in 2024, $15.064 million in 2025, $13.647 million in 2026, $12.259 million in 2027, and $10.898 million in 2028. Year-on-year percentages reveal a decrease of -8.74% from 2024 to 2025, -9.42% from 2025 to 2026, -10.17% from 2026 to 2027, and -11.10% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period is approximately -9.5%.
Future trends to watch include shifts in global trade dynamics, changes in consumer preferences, and potential trade policies that could affect the Brazilian leather industry. Additionally, sustainability concerns and alternative materials may pose challenges or opportunities for the sector.
