Based on the provided data: {"year": "2024", "value": "280.6"}, {"year": "2025", "value": "256.24"}, {"year": "2026", "value": "232.36"}, {"year": "2027", "value": "208.96"}, {"year": "2028", "value": "186.02"}, the year-on-year percentage variation is as follows:
- 2025: -8.67%
- 2026: -9.32%
- 2027: -10.09%
- 2028: -10.99%
The Compound Annual Growth Rate (CAGR) over the period 2024-2028 is -9.99%, indicating a consistent annual decrease.
Future Trends to Watch: Key factors impacting future trends include potential changes in trade policies, consumer preferences in China, and global economic conditions. Additionally, advancements in synthetic alternatives and sustainability concerns may further shape demand for leather goods.
