The forecast for the import of articles of apparel of leather or composition leather to the UAE indicates a consistent declining trend from 2024 through 2028. The volume is forecasted to decrease from 286.51 thousand kilograms in 2024 to 181.0 thousand kilograms in 2028. In comparison to the actual data from 2023, there is a notable year-on-year decline in volume, starting from 2023 at a higher baseline and continuing throughout the forecast period.
Year-on-year variation percentages reflect a gradual reduction:
- From 2024 to 2025: -9.48%
- From 2025 to 2026: -10.28%
- From 2026 to 2027: -11.21%
- From 2027 to 2028: -12.40%
The Compound Annual Growth Rate (CAGR) indicates an average annual decline of around 11% over the five-year forecast period.
Future trends to watch for include market shifts towards sustainable and synthetic alternatives to leather, changes in consumer preferences, and any regulatory adjustments impacting leather imports. Monitoring these variables will be critical in understanding the ongoing decline and potential market opportunities or threats.
