In 2023, China's exports of raw hides, skins, and leather were approximately $1.05 billion. The forecast predicts a steady growth in exports, reaching $1.16 billion by 2028, with a consistent year-on-year increase of around 1.87% from 2024 to 2028. This analysis indicates a compound annual growth rate (CAGR) of approximately 2.02% over the forecasted five-year period.
Future trends to watch for include:
- Fluctuations in global leather demand potentially impacting export volumes and values.
- Shifts in international trade policies affecting export markets.
- Technological advancements in leather production influencing efficiency and cost.
- Environmental regulations and sustainability practices impacting manufacturing processes.
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