In 2023, the import of finishing agents and dye carriers for the leather industry in India stood at approximately 51.4 million US dollars. From the forecasted data, there is a steady increase in value from 2024 to 2028, indicating a growth in import demand. The year-on-year percentage growth is relatively stable, maintaining a small but consistent increment.
Future trends to watch out for include:
- Increasing demand for high-quality leather products internationally, which may spur greater imports of finishing agents and dye carriers.
- The impact of environmental regulations that might drive innovation towards more sustainable products.
- Global economic conditions and trade policies affecting import costs and availability.