In 2023, Brazil's import of footwear with uppers of leather stood at 61.05 million US dollars. The forecasted data from 2024 to 2028 indicates a slight, consistent decline in import values. The year-on-year variation for 2024 is -0.64%, for 2025 is -0.64%, for 2026 is -0.63%, for 2027 is -0.62%, and for 2028 is -0.61%. Over the past two years, the import value decreased by roughly 1.29%. The Compound Annual Growth Rate (CAGR) for the next five years is approximately -0.63%.
Future trends to watch for include potential economic fluctuations in Brazil that may affect import policies, shifts in consumer preferences towards local products, and global leather supply chain changes. Monitoring trade agreements and tariffs will also be crucial in understanding the future landscape of leather footwear imports.
