The import of raw Persian and similar lamb furskins to India is projected to experience a significant decline from 2024 to 2028, with the value dropping from 268.34 thousand USD in 2024 to 46.11 thousand USD by 2028. This represents a steep decrease, averaging a cumulative annual growth rate (CAGR) of -29.53% over the five-year period. Over the past two years leading to this forecast, the imports were stable, setting a high comparative start point in 2023.
Future trends to watch for include the impact of sustainable fashion movements, which could further suppress demand for animal-derived furskins. Additionally, geopolitical factors and trade policy shifts may also influence import volumes and values.
