The import of raw furskin pieces to Germany is projected to decrease significantly over the next five years. In 2023, imports were higher, but are forecasted to drop to $14.66K in 2024, further declining each year to reach $4.18K by 2028. This marks a consistent downward trend, with a notable decrease in year-on-year figures.
The compounded annual growth rate (CAGR) paints a clear picture of this sharp decline across the period, indicative of changing market conditions or reduced demand.
Future trends to watch for include potential shifts in ethical consumer preferences, resulting in reduced demand for furskin products, and any changes in trade policies or environmental regulations impacting the fur industry.
