The forecast for Canadian imports of articles of apparel made from leather or composition leather shows a declining trend from 2024 to 2028. In 2024, imports are valued at $22.119 million, significantly dropping to $7.6267 million by 2028. The year-on-year declines reflect economic shifts, consumer demand changes, or potential industry challenges. The compound annual growth rate (CAGR) over these years is negative, indicating a consistent reduction in import values. In 2023, these imports stood higher, emphasizing the steep decline expected in the coming years.

Future trends to watch for include:

Shifts in consumer preferences toward sustainable and alternative materials.
Trade policy changes or international market dynamics affecting sourcing and cost.
Innovations in leather substitutes impacting traditional leather apparel demand.