In 2023, the value of machinery imports for making leather and skin goods in the US was not provided, but forecasted data from 2024 indicates a continuous increase. The values in thousands show an upward trend, from 9.71 in 2024 to 11.12 by 2028. The year-on-year percentage increase between 2024 and 2025 is approximately 3.71%, followed by a growth of 3.57% between 2025 and 2026, 3.36% from 2026 to 2027, and 3.15% from 2027 to 2028. The compound annual growth rate over the five years stands at approximately 3.47%.
Future trends to watch for include:
- Technological advancements in machinery could influence future import needs.
- Changes in global trade policies impacting machinery sourcing.
- Shifts in manufacturing demand within the US leather goods industry.
