The export of handbags with an outer surface of leather from Brazil experienced notable fluctuations over the years. From a high of 76.29 in 2016, the value saw periods of decline and partial recovery before dropping consistently from 2019 onwards. By 2023, the export value stood at 28.53, representing an 11.12% decrease from the previous year. The average annual decline from 2019 to 2023 (CAGR) was -8.1%, reflecting a significant downward trend.
Key variations over the years include:
- 2013: -23.16% YoY, -8.19% CAGR
- 2014: -10.32% YoY, -6.78% CAGR
- 2015: +10.04% YoY, -6.72% CAGR
- 2016: +34.74% YoY, -0.56% CAGR
- 2017: -27.36% YoY, -5.79% CAGR
- 2018: -21.44% YoY, -5.37% CAGR
- 2019: -0.64% YoY, -3.41% CAGR
- 2020: -24.28% YoY, -10.37% CAGR
- 2021: +9.13% YoY, -14.07% CAGR
- 2022: -10.19% YoY, -10.34% CAGR
- 2023: -11.12% YoY, -8.1% CAGR
Future forecasts indicate a continued decline, with a projected value of 9.89 by 2028. This suggests a significant drop of almost 59.83% over five years, with an average annual decrease (CAGR) of -16.68%.
Future trends to watch for include shifts in global demand for leather goods, potential changes in trade policies, and the impact of sustainable and ethical fashion movements, which could further influence the export of leather handbags from Brazil.
