The forecast for the import of machinery to prepare, tan, and work hides, skins, and leather to India indicates a gradual decline from 1.3345 million kilograms in 2024 to 1.2228 million kilograms in 2028. Comparing the year-on-year variations, there is an observable downward trend: from 2024 to 2025, the value decreases by 2.16%, followed by declines of 2.16%, 2.16%, and 2.17% for 2026, 2027, and 2028 respectively. The compounded average growth rate (CAGR) over the five-year forecasted period indicates a consistent annual decrease of approximately 2.16% in import volumes.
Future trends to watch for include changes in global trade policies, innovations in the leather processing industry, and shifts in local Indian industrial policies aimed at increasing domestic machinery production. These factors could influence the import patterns and impact the projected downward trend.
