The import value of trunks and suit-cases with leather outer surfaces into China is forecasted to increase from $182.15 million in 2024 to $207.46 million in 2028. This marks a steady year-on-year growth, with percentage increases averaging around 3.5% annually from 2024 to 2028. In 2023, the actual import value was slightly lower than the 2024 projection, citing a consistent upward trend over these years.
Future trends to watch for include:
- Potential impacts of global economic fluctuations on luxury goods demand.
- Shifts in consumer preferences towards sustainable leather products.
- Trade policy adjustments between China and major exporting countries.
- Technological advancements in leather goods manufacturing.
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