The import of furskins, artificial fur, and related manufactures to India is forecasted to grow modestly from 2024 to 2028. With projected values increasing from 7.46 million USD in 2024 to 8.34 million USD in 2028, this signifies a steady demand in the Indian market. In 2023, imports stood at 7.24 million USD. Year-on-year growth is relatively consistent, indicating an ongoing interest or necessity for these goods within the market. Looking at the compound annual growth rate (CAGR) over the five-year forecasted period, these imports show a moderate annual increase, reinforcing a stable growth trend.
Future trends to watch for include:
- Global fashion trends influencing demand for furs and artificial fur products.
- Trade policies or tariff changes affecting import costs in India.
- Potential shifts towards sustainable and cruelty-free alternatives possibly affecting artificial fur demand.
