In 2023, the production value for tanning and dressing of leather and fur in the UK was recorded at 180.94 million Euros. Moving forward, forecasts predict a steady decline: the value is expected to reach 173.09 million Euros in 2024, dropping to 142.35 million Euros by 2028. This represents a consistent year-on-year decrease of approximately 4.6%, with a five-year compounded annual growth rate (CAGR) of -5.3%.

Future trends to watch for include:

Potential impacts of sustainability and ethical consumerism driving demand for alternative materials.
Technological advancements in fur and leather production efficiency.
Global market shifts and trade policies affecting export opportunities.
Environmental regulations and their influence on production costs and practices.