In 2023, the US imported approximately 13.2 million kilograms of fresh or wet-salted whole hides and skins of bovine animals. Forecast data suggests a declining trend through 2028, with imports reducing to 8.6344 million kilograms. This reflects a compounded annual growth rate (CAGR) of -7.0% over the forecast period from 2024 to 2028. Comparatively, year-on-year reductions are evident with a dip of 7.7% from 2024 to 2025, followed by a further decline of around 8.2% in 2026. By 2027, the decrease rate slows slightly to 8.7%, continuing to 2028 with a 9.3% reduction.
Future Trends to Watch For:
- Technological advancements in synthetic leather alternatives may further influence demand shifts.
- Environmental regulations on animal farming and processing could impact import volumes favorably or unfavorably.
- Shifts in global trade policies, including tariffs and trade agreements, could alter the import landscape.
