Forecast: Imports of Fur Skins and Artificial Fur, Manufactures Thereof in China

In 2023, imports of fur skins and artificial fur, and their manufactures into China stood at 811.23 million US dollars, a historical data point before forecasts begin. The forecast from 2024 to 2028 indicates a steady downward trend in import values: 722.44 million in 2024 to a reduction at 371.91 million by 2028. The year-on-year variation underscores a significant reduction, with an approximate average annual decline rate. This suggests a compounded annual growth rate (CAGR) that is negative, pointing to a decrease in demand or a shift in economic strategies.

Future Trends to Watch for:

  • Changes in consumer preferences towards sustainable and ethical products might influence fur imports.
  • Economic policies affecting trade tariffs and domestic production capabilities.
  • Technological developments in artificial fur production could impact market dynamics.

Top Countries about Fur