In 2023, the import of lawn-tennis rackets to Brazil stood at a higher value than any of the forecasted years starting from 2024, with imports expected to decline year-on-year steadily. The forecast shows a decrease from 76.23 thousand in 2024 to 55.48 thousand by 2028. The year-on-year decline is approximately between 6-9%, suggesting a consistent downtrend. This indicates a compound annual growth rate (CAGR) reflecting negative growth.
Future trends to watch:
- Emergence of local manufacturing reducing dependency on imports.
- Shifts in consumer preferences and decrease in tennis popularity may affect demand.
- Fluctuations in exchange rates and trade policies impacting import decisions.