In 2023, Italy imported a significant volume of raw whole hides and skins of bovine animals, estimated at approximately 37.5 million kilograms. The forecast data for 2024 indicates a decrease in imports to 36.506 million kilograms. This downward trend is expected to continue, with imports projected to fall by around 2.9% in 2025, 3.0% in 2026, and 3.1% in subsequent years through 2028. The compound annual growth rate (CAGR) over the forecast period suggests an average decline of approximately 3.0% per year.
Future trends to watch include:
- Global economic conditions affecting livestock industries.
- Trade policies and import regulations within the EU.
- Innovations in alternative materials impacting demand.
- Environmental sustainability initiatives influencing sourcing strategies.
