The import of raw furskin pieces to China is set to decline steadily from 2024 through 2028, with volumes forecasted to decrease each year. Notably, imported volume was recorded at 82 thousand kilograms in 2023. Year-on-year variations project an annual reduction, averaging a decrease of approximately 4.13% in imports per year through 2028. The Compound Annual Growth Rate (CAGR) over this period indicates a consistent downward trend.
Future trends to watch for include:
- Possible shifts in consumer fashion preferences towards sustainable and ethical alternatives, impacting demand.
- Potential changes in global trade policies, tariffs, or regulations affecting import volumes.
- Innovations in synthetic alternatives that might further reduce the need for natural furskins.