In 2023, China's import of sheep or lamb skin leather was valued at a projected level, seeing upward forecasts starting with $107.13 million in 2024. However, subsequent forecasts indicate a downtrend, with figures tapering off to $86.597 million by 2028. An annual comparison shows a decreasing pattern: approximately 4.9% in 2025, 5.1% in 2026, 5.3% in 2027, and 5.4% in 2028. The compound annual growth rate (CAGR) reflects a steady decline over the forecasted period.
Future trends to watch include potential fluctuations caused by global economic changes, shifts in fashion industry demands, and alterations in trade policies impacting leather imports. Further analysis may identify emerging markets or technological advancements that could influence the leather sector.
