The import of tanned or retanned sheep or lamb skin leather to China is projected to decline steadily from 2024 to 2028, starting at 7.34 million kilograms in 2024 and decreasing to 5.48 million kilograms by 2028. Comparing these forecasts with the 2023 figures is essential to determine the percentage variations, though current data for 2023 is unavailable. Over a five-year period, the compound annual growth rate indicates a consistent downward trend in import volumes.
Future trends to watch for:
- Potential changes in global trade agreements or tariffs affecting leather imports.
- Shifts in domestic production capabilities within China, which may reduce dependence on imports.
- Consumer demand variations due to changing preferences towards sustainable or synthetic alternatives.
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