Based on the data, the forecasted import value of clothing and accessories of furskin to India is expected to decrease from $39.17 thousand USD in 2024 to $18.28 thousand USD in 2028. Notably, this data shows a clear downward trend over the forecasted period.
Year-on-year percentage decreases are as follows: 2025 (-13.7%), 2026 (-15.6%), 2027 (-18.2%), and 2028 (-21.7%). The compound annual growth rate (CAGR) over the five-year period reflects a steady decline in imports.
Future trends to watch for include changes in fashion preferences, environmental impacts affecting furskin availability, and potential policy shifts in import regulations. The growing advocacy for ethical and cruelty-free fashion could further impact demand.
