From 2023 to 2028, the import of fresh or wet-salted whole hides and skins of bovine animals to India is forecasted to steadily increase from 7.1849 to 7.6564 million USD, marking consistent year-over-year growth. The past data for 2023 is essential to gauge the baseline and measure growth, although not provided in this dataset.
- The year-on-year growth is approximately 1.7%, indicating a stable upward trend in the import value.
- Over the five-year period, the compound annual growth rate (CAGR) is expected to sustain a modest increase, showcasing steady demand in the sector.
Future trends to monitor include global market dynamics affecting leather demand, regulatory changes impacting the trade and processing of hides and skins, and technological advancements in leather processing that could influence import volumes.
