In 2023, the import value of fresh foliage and branches for bouquets to Brazil stood at approximately $104. Futures indicate a steady annual decline from 2024 to 2028, with forecasts predicting a substantial decrease: from $87.4 in 2024 to $21.38 in 2028. The year-on-year variation illustrates an approximate drop of 19% from 2024 to 2025, 24% from 2025 to 2026, 30% from 2026 to 2027, and 43% from 2027 to 2028. This five-year period translates to an average annual decline or CAGR of roughly 29%.
Future trends to watch for include:
- Possible shifts in consumer preferences towards alternative floral arrangements that do not rely heavily on imported foliage.
- Changes in trade policies that may impact import costs and tariffs.
- Increased focus on sustainability and local sourcing that might affect demand for imports.
- Potential economic factors within Brazil that could alter purchasing power and demand patterns for bouquets.
