The import volume of sports footwear with soles and uppers made of rubber or plastics to Brazil has shown a notable decline from 2017 to 2021, decreasing from 357.36 to 20.0 thousand kilograms. This represents a staggering decline over the period with compounded annual growth rate (CAGR) reflecting substantial reductions. The most drastic drops occurred in the years leading to 2021, illustrating a significant contraction in imports.
Looking forward, key trends to monitor include:
- Potential recovery in imports driven by economic recovery and increased consumer spending in Brazil.
- Changes in import regulation policies that could affect supply flow.
- Fluctuations in global raw material prices impacting production and imports.
