The forecast for the import of raw hides, skins, and leather to the US displays a consistent downward trend from 2024 to 2028, based on the provided figures. The decline is steady, highlighting a gradual reduction in the import values over these years. The data points suggest a year-on-year decline, signifying a possible shift in market dynamics or consumer preferences. In 2023, prior to these forecasts, the actual import value would serve as the baseline for comparative analysis and identifying the level of decline.
Key trends to watch for in the future include:
- Potential changes in US trade policies that could affect import conditions
- Shifts in global supply chains or production costs influencing market prices
- The impact of environmental regulations and sustainability concerns on the leather industry
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