In 2023, the number of persons employed in Brazil's leather and fur processing, and related manufacturing sector stood at 17.14 thousand. The forecast data from 2024 to 2028 indicates a consistent decline in employment, with numbers dropping from 15.14 thousand in 2024 to 7.71 thousand in 2028. The year-on-year percentage change showcases a downward trend, with employment projected to decrease by around 12.7% in 2025, 14.2% in 2026, 16.2% in 2027, and 18.9% in 2028. The compound annual growth rate (CAGR) over these five years will reflect a contraction in workforce size in this sector.
Future trends to watch for include potential shifts in demand for leather and fur products, technological advancements affecting production efficiency, and possible regulatory changes regarding environmental and ethical standards. The sector could also experience impacts from evolving trade policies and changes in consumer preferences towards sustainable and alternative materials.
