The forecast for the import of raw whole hides and skins of bovine animals to the US shows a steady decline from 2024 to 2028. The value in 2023 stood at levels that were slightly higher compared to the initial forecasted value for 2024. Observing the year-on-year percentage variation, the trend shows a continuous decrease in volume, with each forecasted year recording a negative percentage change, emphasizing a slow yet consistent decline over the period. The compound annual growth rate (CAGR) over the next five years further underscores this downward trajectory.

Future trends to watch for:

Changes in global demand and supply dynamics, particularly from major leather and fashion industries.
Impact of environmental regulations and sustainable practices on hide sourcing and processing.
Technological advancements in synthetic alternatives and their adoption rates, potentially affecting raw hide imports.