The leather market for bovine or equine animals in China exhibited notable fluctuations over the analyzed period, with a peak value in 2015. After that, the market experienced a downturn, particularly between 2015 and 2020. From 2021 onwards, a slow recovery can be observed, with gradual increases in value. The market in 2023 stood at $17.323 billion USD, showing a year-on-year increase of 0.52% and a CAGR of 0.53% over the past five years.
Future Trends to Watch For:
- Potential impact of sustainability and ethical sourcing on market dynamics.
- Technological advancements in leather production processes.
- Trade policies and their influence on import-export activities.
