In 2023, remuneration in the Leather and Fur Processing, and Manufacture of Luggage, Handbags, Saddlery, and Harness sector in Brazil stood at an actual value. The forecasted data from 2024 to 2028 indicate minimal growth, with values increasing from 998.2 million Brazilian Reals in 2024 to 1010.0 million in 2028. Year-on-year growth is relatively flat, showing less than a 1% increase annually, except between 2027 and 2028 where a slight uptick is noted. The average annual compound growth rate (CAGR) over the five-year period is expected to be modest.

Future trends to watch for:

Potential shifts in consumer demand and preferences impacting the leather and fur industry.
Possible regulatory changes and sustainability pushes influencing manufacturing practices.
Technological advancements in production processes offering efficiency and cost-effectiveness.