The forecasted data for the production of leather and fur in the UK from 2024 to 2028 reveals a continuous downward trend. Starting at 17.278 million kilograms in 2024, production is expected to decline year by year, reaching 16.031 million kilograms by 2028.
In 2023, the production stood at 17.6 million kilograms. Comparing year-on-year variation:
- 2024: -1.83%
- 2025: -1.85%
- 2026: -1.86%
- 2027: -1.85%
- 2028: -1.85%
Over the last five years, the compound annual growth rate (CAGR) is approximately -1.85%, indicating a consistent annual decline in production.
Future trends to watch for include potential impacts of sustainable fashion movements, advancements in alternative materials, and regulatory changes surrounding environmental issues and animal rights. These factors could further influence the downward trajectory or stimulate shifts in production methods and capacities within the industry.
