The import of articles of leather, animal gut, harness, and travel goods to the US is projected to grow steadily from 2024 to 2028, with expected values of $15.924 billion in 2024, increasing to $17.034 billion in 2028. This reflects a consistent upward trend, although comprehensive actual figures from 2023 are not provided, likely indicating growth from that year.
The year-on-year percentage change forecasts a gradual increase, highlighting stable market demand and possibly rising consumption or price adjustments. Over the five-year period, the compound annual growth rate (CAGR) underscores an average annual growth across these years.
Future trends to monitor include global economic conditions, changes in consumer preferences, raw material costs, and trade policies, all of which can affect import volumes and values significantly. Additionally, sustainability initiatives and the impact of technological advancements in leather alternatives may also play crucial roles.
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