The forecast of Germany's import of sheep or lamb raw hides and skins indicates a steady decline from 2024 to 2028, with values decreasing from 170.5 thousand items to 64.13 thousand items, showcasing a significant drop in import volume. The data shows a year-on-year decline as follows: from 2024 to 2025, it is expected to decrease by approximately 15.8%, and from 2025 to 2026, by 18.7%. The trend reveals an average annual decrease, with a notable compound annual growth rate (CAGR) illustrating the downward movement in the five-year forecast period.
Future trends to watch:
- Impact of sustainable fashion: Growing demand for eco-friendly materials may further affect the import numbers.
- Regulatory changes: Changes in import regulations or trade agreements could alter these projections significantly.
- Economic fluctuations: Economic recovery or downturn could impact consumer demand and hence, import needs.