China's re-import of finishing agents and dye carriers for the leather industry is set to rise steadily from 2024 to 2028, reaching 1.1288 million kilograms by 2028. Comparing this to 2023 figures, there is notable growth projecting an upward trajectory over the forecasted years. The year-on-year growth begins at 2.7% from 2024, gradually reaching 2.73% by 2028. The compound annual growth rate (CAGR) over the next five years averages around 2.68%, indicating steady and moderate growth in this sector.
Future trends to watch for:
- Technological advancements impacting re-import demand for more sustainable and high-quality finishing agents.
- Regulatory changes in environmental laws that may affect the type and volume of imports.
- Shifts in global market dynamics influencing China’s leather and allied industries.
