The forecast data indicates a slight year-on-year decline in the import value of footwear with outer soles of rubber or plastics and uppers of leather to Brazil. Starting at 41.181 million USD in 2024, the value diminishes progressively by approximately 0.24% annually to reach 40.793 million USD by 2028. In 2023, the actual import value stood at 41.275 million USD, signifying a continuation of a steady downward trend initiated from 2024. The CAGR over these five years reflects a small negative shift, suggesting a consistent, though not steep, reduction in import values.

Future trends to watch for:

Fluctuations in global leather prices, impacting production costs and thus import levels.
Changes in Brazil's trade tariffs and economic policies, influencing import regulations.
Consumer demand shifts towards more sustainable or alternative materials, possibly affecting leather footwear imports.