The forecast data indicates a consistent decline in the value of goat or kid skin leather imports to the US from 2024 to 2028, starting from $4.83 million in 2024 to $3.63 million in 2028. In 2023, the import value stood higher, highlighting a downward trend. Year-on-year decreases illustrate noticeable declines annually, with a compounded annual growth rate (CAGR) declining over the five years.
Future trends to watch for include:
- Changes in consumer preferences towards alternative materials.
- Global leather production shifts impacting supply and pricing.
- Environmental regulations affecting leather manufacturing and trade.
