In 2023, Italy imported approximately 75.2 thousand kilograms of raw mink furskins. From 2024 onwards, the forecast indicates a consistent year-on-year decline in imports. By 2028, the volume is expected to decrease to 49.37 thousand kilograms. Analyzing the year-on-year variations: this represents a gradual decrease from 69.96 in 2024 to 49.37 in 2028, a 5-year CAGR of about -8.1%. This trend suggests a shrinking demand or a shift in market dynamics over this period.
Future trends to watch for:
- Impact of environmental advocacy and animal rights movements, potentially leading to further reductions in demand.
- Shifts in the fashion industry towards alternative materials.
- Potential regulation changes affecting fur importation and trade.
- Influence of economic factors on luxury goods consumption patterns.