The import forecast for tanned or dressed furskin pieces not assembled to India from 2024 to 2028 shows a consistent decline. Starting at 1.48 thousand kilograms in 2024, the volume is expected to decrease steadily to 0.699 thousand kilograms by 2028.
Year-on-year changes reflect a decreasing trend with reductions ranging from 10.1% to 15%. The Compound Annual Growth Rate (CAGR) over this five-year period is negative, highlighting a continuous reduction in imports.
Future trends to watch for include:
- Shifts in global supply chain dynamics.
- Consumer preference moves towards synthetic alternatives.
- Potential policy changes impacting fur trade.
