The data shows a steady increase in the import of tanned or dressed furskins to India, with values projected to rise from $6.5133 million in 2024 to $7.6055 million by 2028. When looking at the year-on-year variation, the imports are expected to grow consistently around 4% to 5% each year from 2024 onwards. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 4.05%. In 2023, the import value was approximately $6.251 million, providing a base for these projections.
Future trends to watch for include:
- Potential impacts of Indian trade policies and environmental regulations on fur importation.
- Shifts in global fashion trends that may influence demand.
- Supply chain disruptions or advancements influencing pricing and logistics.
