The import of machinery to prepare, tan, work hides, skins, and leather to the US is forecasted to decline steadily from 2024 to 2028. In 2023, the volume stood at 1,010.5 thousand kilograms, indicating a downward trend in subsequent years. Year-on-year, the forecast illustrates a consistent decrease from 2024 through 2028, with minor percentage drops each year. The five-year compound annual growth rate (CAGR) is slightly negative, reflecting the expected modest decline in this market segment.
Future trends to watch for include:
- Technological advancements that may reduce reliance on imported machinery.
- Shifts in global leather production impacting machinery demand.
- Trade policies or tariffs affecting import dynamics.
- Sustainability practices influencing leather processing methods.
