In 2023, the import value of machinery for preparing, tanning, and working hides, skins, and leather to China stood at approximately 27.26 million US dollars. Forecasts from 2024 to 2028 indicate a gradual decline, with values decreasing from 26.972 million US dollars in 2024 to 25.812 million US dollars in 2028. The projected year-on-year decrease reflects a consistent downward trend driven by market saturation and a shift towards domestic innovation and production capabilities.
Future trends to watch for include:
- Technological advancements in domestic machinery production, potentially reducing dependency on imports.
- Policy changes encouraging local manufacturing and sustainability in raw materials processing.
- Fluctuations in global trade agreements affecting machinery import tariffs.