The import of leather from bovine or equine animals to China is forecasted to grow steadily from 2024 through 2028, increasing from $4.65 billion in 2024 to $4.99 billion in 2028. This represents a consistent year-on-year growth pattern. In comparison, the estimated value was lower in 2023, suggesting a gradual recovery or expansion. The compound annual growth rate (CAGR) over this period reflects modest but stable growth in the leather import sector.
Future trends to watch for:
- Global demand shifts for leather products, possibly affecting imports.
- Impact of trade policies and tariffs on the leather industry.
- Sustainability trends influencing raw material sourcing in the fashion and automotive industries.
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