The import of tanned or dressed furskins to the US is forecasted to decline steadily from 2024 to 2028, with values decreasing from 22.237 million USD in 2024 to 20.126 million USD in 2028. This represents a year-on-year decrease of approximately 2.45% in 2025, 2.46% in 2026, 2.47% in 2027, and 2.48% in 2028. The compound annual growth rate (CAGR) over the five-year period indicates a decline of about 2.48% annually. In 2023, the imports stood at approximately 22.8 million USD, indicating a clear downward trend moving forward.
Future trends to watch for:
- Changes in fashion industry demand could influence import levels.
- Potential regulatory changes affecting fur imports.
- Shifts in consumer preferences towards synthetic alternatives could further impact the market.