Forecast: Import of Raw Hides, Skins and Leather to China

The forecasted import of raw hides, skins, and leather to China shows a steady decline from 2024 to 2028, starting at 4.6515 billion USD and decreasing to 4.3466 billion USD. This suggests a shrinking market, likely attributed to changing consumer preferences, increased domestic production, or alternative material adoption. From 2023 to 2024, the market saw a modest reduction. The CAGR over the forecast period from 2024 to 2028 indicates an average annual decrease, identifying a consistent trend of declining imports.

Future trends to watch for include shifts in demand for sustainable and synthetic materials, changes in global trade policies, technological advances in production, and the impact of China's economic adjustments. These factors can significantly influence the long-term import prospects of hides, skins, and leather. Monitoring these elements will be crucial for stakeholders in the industry.