In 2023, the import value of tanned or dressed furskin pieces not assembled to India stood below the forecasted amount for 2024, which is set at 278.68 thousand USD. The forecast indicates a steady year-on-year increase of approximately 5% through to 2028. The compound annual growth rate (CAGR) for the period 2024-2028 is estimated at around 4.7%, suggesting consistent growth in import value over these years.

Future trends to watch for include:

Potential policy changes affecting the fur trade in response to environmental or ethical considerations which could impact import volumes.
Fluctuations in global market prices for furskin due to changes in demand and supply dynamics, particularly from major producing or consuming countries.
Currency exchange rate volatility impacting the cost of imports from key trading partners.