The import of polishes and creams for footwear or leather to the US is forecasted to follow a gradual downward trend from 2024 to 2028, showing a steady decline in volume. In 2023, the import volume was slightly higher than in 2024, signifying a consistent decrease beginning in that year. Year-on-year changes present a minor but steady reduction over the period, affecting the compound annual growth rate negatively, indicating a gradual reduction in demand or supply conditions over this timeline.
Future trends to watch for include potential shifts in consumer preferences towards alternative leather care products, technological advancements in leather processing reducing the need for imported creams, and increased local production capabilities which could further impact import volumes. Additionally, sustainability concerns and regulations might influence product formulations and market dynamics.
