The importation of watch straps and parts of leather or plastic to Brazil is forecasted to decline significantly from 2024 to 2028. In 2023, actual imports stood at 40 thousand kilograms. The forecasted data indicates a sharp year-on-year decrease, with an estimated compound annual growth rate (CAGR) of -20.1% during the 2024-2028 period. This substantial decline reflects a consistent downward trajectory over these years.

Future trends to watch for:

Shifts in consumer preferences, potentially spurred by technology advancements or fashion trends.
Impact of economic factors, such as currency fluctuations and trade policies.
Increase in domestic manufacturing capabilities or substitutes that could influence import reductions.
Environmental and sustainability trends affecting material choices.