The forecasted import of worked ivory and articles of ivory to Germany from 2024 to 2028 shows a consistent decline in volume. From 2024, the imports are expected to decrease steadily each year, with a notable year-on-year drop. In 2023, the volume stood at significantly higher levels than the forecasts for 2024 onwards. Between 2024 and 2028, there is a clear downward trend in imports, which results in a compelling compounded average growth rate (CAGR) indicating a strong reduction in demand over this five-year period.
Future trends to watch for include:
- Potential regulatory changes impacting ivory imports in European countries.
- Shifting consumer preferences towards more sustainable and ethically sourced materials.
- Global wildlife preservation efforts and their influence on ivory trade policies.
- Technological advances in alternatives to ivory, impacting market demand.
