The import of raw whole hides and skins of bovine animals to India is forecasted to decrease steadily from 2024 through 2028, indicating a significant downward trend in volume. This projected decline follows an already reduced level from previous years. Year-on-year variation shows a consistent decrease, with a noticeable average compound annual growth rate (CAGR) over the five-year period reflecting a pronounced reduction.
Future trends to watch for include potential shifts in India's leather industry demand, policy changes affecting imports, and global supply chain dynamics that could impact the sourcing and pricing of hides and skins internationally. Monitoring these factors will be crucial for stakeholders.
