The import of handbags with an outer surface of leather to Brazil has shown a significant downward trajectory over recent years, from 2017 to 2021, decreasing from 132.52 thousand kilograms to 20.38 thousand kilograms. This represents a considerable decline, with the compound annual growth rate (CAGR) highlighting an average yearly reduction over the five-year span. This suggests a marked contraction in the volume of imports during this period.
In 2023, the import volumes have stagnated at the lower levels observed in 2021, as shown by consistent data reporting. There has been minimal to no recovery, indicating persistence in the declining trend.
Trends to watch for the future include:
- Potential shifts in consumer preferences towards local production.
- Substitution with alternative materials due to sustainability trends.
- Impact of trade policies and economic conditions on import activities.
