In 2023, the leather market size value per capita for bovine or equine animals in China stood at approximately $12.30. The forecasted data from 2024 to 2028 indicate a steady increase, with a consistent yearly growth. The year-on-year variation suggests an average increase of about 0.3% annually. The compound annual growth rate (CAGR) over this five-year period can be estimated at a modest increase, reflecting a stable market.

Future trends to watch for include:

Potential shifts in consumer preferences towards sustainable or synthetic alternatives.
The impact of global trade dynamics on leather imports and exports.
Technological advancements in leather processing and production efficiency.
Regulatory changes affecting the leather industry, particularly regarding environmental impacts and animal welfare.