The forecast for the import of raw whole hides and skins of bovine animals into Canada from 2024 to 2028 shows a declining trend. From 2023 at $335.80 thousand, the value is expected to decrease annually to $266.08 thousand by 2028. This represents a Compound Annual Growth Rate (CAGR) of approximately -5.71% over five years. The year-on-year decrease ranges from 4.38% to 5.33%.
Key future trends to watch for include:
- Shifts in global trade policies affecting leather and goods industries.
- echnological advancements in leather processing reducing demand for raw imports.
- Changes in consumer preferences and sustainability trends impacting demand for bovine products.