In 2023, Brazil's importation of articles of apparel made of leather or composition leather stood at 4.1625 million USD. The forecast from 2024 to 2028 shows a steady decline in imports, with values decreasing annually. The year-on-year percentage variation highlights a downward trend: -3.74% for 2024, -3.75% for 2025, -3.81% for 2026, -3.89% for 2027, and -3.96% for 2028.
The Compound Annual Growth Rate (CAGR) over this period is -3.83%, signaling an average annual decrease.
Future trends to watch:
- Monitor global fashion trends, as consumer demand for leather goods may shift.
- Watch trade policy changes and foreign exchange fluctuations, which may impact import volumes.
- Observe sustainable fashion growth, potentially influencing preference towards alternative materials.