The import of sheep or lamb skin leather to the UAE is forecasted to decline from 2024 to 2028. In 2023, the value stood at $2.2 million. The data indicates a year-on-year decrease of approximately 8.9% in 2025, 9.5% in 2026, 10.3% in 2027, and 11.3% in 2028. Over the five-year period, the compound annual growth rate (CAGR) showcases an average annual decline of about 9.5%, reflecting a consistent downward trend.
Future trends to watch for include:
• Changing consumer preferences towards synthetic and alternative leathers.
• Impact of regulatory changes and import tariffs.
• Fluctuations in global supply chain and raw material costs.
• Environmental sustainability driving shifts in the leather industry.
