In 2023, the import of parts of machinery for the leather industry into the UAE stood at 11.5 thousand kilograms. The forecasted data indicates a declining trend from 2024 to 2028, with the value decreasing from 11.02 to 9.15 thousand kilograms.
Year-on-year, the import volume shows a reduction:
-2024 to 2025: -4.36%
-2025 to 2026: -4.46%
-2026 to 2027: -4.57%
-2027 to 2028: -4.79%
The CAGR over the 5-year period from 2024 to 2028 reveals an average annual decrease of approximately -4.55%.
Future trends to watch for include potential technological advancements in local manufacturing capabilities, shifts in global trade policies, and evolving demand within the leather industry, which may impact import volumes further.
