In 2023, the import of tanned or dressed mink furskins not assembled to China was valued at approximately $547 million USD. The forecasted data shows a steady year-on-year increase in imports from 2024 onwards, with values rising from $569 million USD in 2024 to $656.5 million USD in 2028. This reflects an annual compounded growth rate (CAGR) of around 3.61% over the five-year period.
Future trends to watch for:
- Potential shifts in global fashion trends impacting fur demand.
- Regulatory changes or trade agreements affecting import policies.
- Environmental and ethical concerns influencing consumer preferences in China's luxury markets.