The market size value per capita for footwear with outer soles and uppers of rubber or plastics in Brazil was forecasted at $4.21 in 2024. This marks a decline from the actual market figure in 2023, reflecting changes in consumer behavior. Year-on-year forecasts show a consistent decline of approximately 5% to 6% annually, with values dropping to $3.37 by 2028. This trend underscores a gradual decrease in market demand or shift towards alternative materials.
Future trends to watch for include:
- Consumer preferences shifting towards sustainable materials.
- Impact of economic policies on consumer spending.
- Technological advancements in footwear production.
