Forecast: Import of Machinery for Hide and Leather Work Including Footwear to China

The import of machinery for hide and leather work, including footwear, to China is projected to decline gradually from 2024 to 2028. Starting at 42.987 million USD in 2024, it is expected to decrease to 36.17 million USD by 2028. This represents a consistent annual reduction in import values, highlighting a declining trend in the demand or the strategic shift towards domestic production of such machinery. Since precise data for 2023 is not provided, year-on-year percentage change cannot be specified for that year; however, consistent decreases are forecast for the forthcoming years.

Future trends to watch for include:

  • The possibility of increased domestic production capacities and technological advancements in China impacting import volumes.
  • External economic factors such as trade agreements or tariffs affecting costs and demand for imported machinery.
  • Evolving industry practices and demand shifts in the global leather and footwear manufacturing sectors.

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