The import of toys, games, and sports requisites to Brazil has seen significant fluctuations over the past decade. Starting at a high in 2013, the import value dropped precipitously by 2016, stabilizing to modest growth thereafter. From 2013 to 2023, the average growth varied substantially, with a compounded annual growth rate (CAGR) of 0.37% in 2023. Over the last two years (2022-2023), the year-on-year changes were minimal, at 1.02% and 0.99%, respectively. Extrapolating to 2028, the forecasted CAGR is 0.79%, indicating a slow but steady increase.
Future trends to watch for include:
- The impact of economic policies on import taxes and trade agreements which could either hinder or benefit the imports.
- The growing demand for innovative and technology-based toys and games possibly driving higher-valued imports.
- Potential shifts towards local manufacturing that could affect the reliance on imports.