As of 2023, the leather products sector in Brazil employed approximately 302,000 individuals. The forecasted data from 2024 to 2028 shows a steady decline in employment. The workforce is expected to decrease from 295.56 thousand in 2024 to 276.58 thousand by 2028, reflecting year-on-year reductions of roughly 1.65% to 1.70%. The compounded annual growth rate (CAGR) over this five-year period reveals an average decline of about 1.72% per year.
Future trends to watch include technological advancements and automation, which may further influence workforce requirements. Additionally, shifts in global demand and sustainable practices may shape employment trends in Brazil's leather sector.
