In 2023, Italy's import of goat or kid skin leather stood at 6.25 million kilograms. From 2024 onwards, the forecasts indicate a downward trend with volumes declining year-on-year: a 3.4% decrease in 2025, followed by a 3.5% decrease in 2026, a 3.6% drop in 2027, and a 3.7% decline by 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is expected to be approximately -3.56%, pointing towards a consistent contraction in import volumes.
Future trends to monitor include:
- Potential shifts in global leather demand due to changes in fashion trends and consumer preferences.
- The impact of sustainability practices and regulations on leather imports.
- Market dynamics influenced by competitive substitutes like synthetic leather.