In 2023, the import of raw furskin pieces to India was valued at approximately $8.79 thousand. The forecast from 2024 to 2028 indicates a steady increase in imports. In 2024, the value is expected to be $9.21 thousand, reflecting a 4.8% year-on-year increase. This trend of growth continues as each subsequent year shows an approximate increase of 4-5% annually, reaching $10.93 thousand by 2028. The compound annual growth rate (CAGR) over this five-year period is expected to be about 4.5%.

Future trends to watch for:

Potential regulatory changes affecting the fur industry could impact import volumes.
Shifts in consumer preferences towards sustainable and ethical fashion may influence demand.
Trade relationships and tariffs between India and fur-exporting countries could alter the cost and quantity of imports.