The production value of goat or kid skin leather in the UK remained at zero until 2017. However, from 2018, the industry saw a marked upturn, reaching 2,027,200 euros in 2023. Significant year-on-year growth rates were recorded in earlier years: notably a 12.95% increase in 2019, followed by slight fluctuations. The market stabilized with a moderate CAGR of 6.76% from 2018 to 2023. The forecast from 2024 to 2028 anticipates a 4.51% CAGR, amounting to a 24.67% growth rate over five years.
Future trends to watch for:
- Technological advancements in leather processing.
- Shifts in consumer preferences towards sustainable practices.
- Potential impacts of international trade policies on production.
