The forecast for the import of footwear with uppers of rubber or plastics to Brazil displays a consistent downward trend from 2024 to 2028. Starting at 36.57 million US dollars in 2024, the values are expected to decrease annually, reaching 23.704 million US dollars by 2028. When compared to the actual value of 39.235 million US dollars in 2023, there is a clear year-on-year percentage decrease.
Year-on-year variations show a gradual decline: - From 2024 to 2025, there is an 8.81% decrease.- From 2025 to 2026, a further 9.77% drop.- From 2026 to 2027, a 10.61% reduction.- From 2027 to 2028, a 11.63% fall.
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately -9.76%, indicating an average annual decline in imports.
Future trends to watch for include potential shifts in consumer preferences towards locally produced footwear due to rising import costs, changes in trade policies, or overall economic conditions in Brazil that could impact purchasing power and import volumes. Additionally, environmental regulations and trends towards sustainable materials may affect the types and volumes of footwear imports.
