Forecast: Import of Tanned or Retanned Sheep or Lamb Skin Leather to the US

The import of tanned or retanned sheep or lamb skin leather to the US is projected to experience a substantial decline from $510.48 thousand in 2024 to $213.7 thousand in 2028. This represents a consistent year-on-year negative growth rate from 2024 onwards. The compound annual growth rate (CAGR) over this five-year forecast period indicates a significant downward trend, averaging an approximate decrease annually. In 2023, the value is not provided, but the declining trend suggests a reduction compared to previous years.

Future trends to watch for include:

• Global demand shifts due to economic and fashion industry changes.
• Impact of alternative materials gaining popularity in sustainable fashion.
• Evolving trade relations affecting import tariffs and pricing.