In 2023, China's import of raw Persian and similar lamb furskins was notably lower than the forecasted figures for 2024 onwards. The forecasts show a gradual increase in import value: $771.87K in 2024, rising to $907.45K by 2028. This steady increase reflects a positive compound annual growth rate (CAGR) throughout the forecast period. Year-on-year, the import value is expected to increase by approximately 4-5% annually, indicating consistent growth in demand or pricing adjustments over these years.
Future trends to watch for include fluctuations in global supply chains, changes in trade policies affecting import duties or restrictions, and shifts in consumer preferences that may impact the demand for luxury furs. Additionally, environmental awareness and ethical sourcing could alter market dynamics significantly.
