The import of tanned or dressed whole furskins and pieces assembled to India stood at 125.40 thousand US dollars in 2023. Forecasts for 2024 to 2028 show a consistent decline in import values, decreasing from 123.46 thousand US dollars in 2024 to 116.02 thousand US dollars in 2028. Year-on-year analysis indicates a persistent downtrend, with percentages showing slight decreases annually. Over the forecasted five-year period, a CAGR of around -1.50% is expected, reflecting a steady reduction in import levels.
Future trends to watch include:
- Changes in global furskin supply and pricing.
- Shifting consumer preferences towards synthetic alternatives.
- Potential regulatory impacts related to animal welfare and imports.
