The forecast for the import of tanning, dyeing extracts, tannins, and pigments into the US from 2024 to 2028 shows a steady upward trend. Starting at $5.0266 billion in 2024, the value is anticipated to increase to $5.4201 billion by 2028. This represents a consistent year-on-year growth averaging around 2% annually over the forecast period. As of 2023, the value stood at an actual rate slightly below the 2024 forecast, marking the beginning of this growth trajectory.
Future trends to watch for include:
- Emerging sustainability practices impacting raw material sourcing.
- Technological advancements driving efficiency and cost-effectiveness.
- Regulatory changes affecting trade policies and import tariffs.
