The number of establishments in the Leather Products Sector in Brazil is projected to decline steadily from 2024 to 2028. The forecast shows a decrease from 7.77 thousand establishments in 2024 to 6.45 thousand in 2028. This reflects a year-on-year decline of approximately 4-5%. The compounded annual growth rate over these five years indicates an average annual decrease of roughly 4.6%.

Key trends to watch for in the future include:

Technological advancements potentially affecting productivity and cost structures.
Global economic shifts impacting export demand and domestic consumption.
Environmental regulations influencing production methods and industry dynamics.