The forecasted import of footwear with outer soles and uppers of leather to Brazil is set to rise steadily from $9.92 million in 2024 to $10.82 million in 2028. Over the past two years (2023-2024), we note a year-on-year increase. An expected Compound Annual Growth Rate (CAGR) over the next five years is suggested by the projected increase in value.
- Year-over-year growth from 2024 to 2025 is approximately 2.34%.
- Year-over-year growth from 2025 to 2026 is approximately 2.23%.
- Year-over-year growth from 2026 to 2027 is approximately 2.15%.
- Year-over-year growth from 2027 to 2028 is approximately 2.06%.
- The 5-year CAGR for 2024-2028 is around 2.15%.
Future trends to watch include potential impacts of international trade policies, shifts in consumer preferences towards sustainable materials, and economic factors influencing purchasing power in Brazil. These elements may significantly affect import volumes and values in the footwear sector.
