In 2023, the re-import value of footwear with uppers of leather to Brazil stood at a recorded figure (data not provided). From 2024 to 2028, forecasts show a steady increase from 132.31 to 156.24 thousand US dollars, illustrating a consistent upward trend. Year-on-year, this represents a growth rate of approximately 4.7% between 2024 and 2025, maintaining a similar pace onwards. The compound annual growth rate (CAGR) over this five-year period is projected to be around 4.3%.
Future trends to watch for include:
- Brazil's economic policies impacting consumption patterns and import regulations.
- Global leather supply chain shifts affecting pricing and availability.
- Consumer preferences gravitating towards sustainability and ethical sourcing.
- Exchange rate fluctuations influencing import costs.
