Expected Imports (in Thousand Kilograms):
- 2024: 39.88
- 2025: 34.78 (-12.79%)
- 2026: 29.78 (-14.38%)
- 2027: 24.88 (-16.43%)
- 2028: 20.09 (-19.25%)
Last Two Years Variation (YoY):
2026: -14.38%,
2027: -16.43%
Compound Annual Growth Rate (CAGR) over 5 Years: -14.97%
Future Trends: The forecasted data indicates a consistent decline in the import of leather apparel to India over the next five years. Factors potentially influencing this trend include shifts in consumer preferences towards sustainable materials, domestic production capabilities, and potential economic or trade policy changes. Market players should monitor these variables to adapt strategies accordingly.
