The forecast for the import of raw whole hides and skins of bovine animals to Italy indicates a gradual decrease from 2024 to 2028, beginning at 199.23 million USD in 2024 and declining to 193.25 million USD by 2028. If we assume that in 2023 the value stood higher, the gradual decline reflects a trend of decreasing import value over these years.
Year-on-year analysis reveals modest declines, suggesting a consistent reduction in import values. The Compound Annual Growth Rate (CAGR) provided suggests a steady average annual decrease over the five years.
Looking ahead, key factors to watch include global leather demand, shifts towards sustainable and alternative materials, and fluctuations in currency exchange rates, which could further impact Italy's import volumes and values in this sector.
