In 2023, the import of raw whole hides and skins of bovine animals to the US was valued at an estimated $5.9 million. The projected values from 2024 to 2028 indicate a consistent upward trend, reflecting an anticipated increase in value each year. The forecast projects an annual increase with the year-on-year variation from 2024 onwards showing steady growth. The expected compound annual growth rate (CAGR) over this five-year period underscores a stable market expansion.
Future trends to watch for in this sector include potential shifts in trade policy that could affect import volumes, changes in global demand for leather products, and fluctuations in cattle supply that might impact raw material availability. Monitoring these factors will be crucial for stakeholders aiming to leverage market growth opportunities effectively.
