The forecast for the import of machinery for hide, leather work, and footwear into the UK suggests a gradual decline from 2024 to 2028. The import value, which is measured in million US dollars, stands at 4.8133 in 2024 and is projected to decrease by approximately 1-2% annually, reaching 4.0281 million USD by 2028. This trend reflects a compound annual growth rate (CAGR) of negative growth over the five-year period, indicating a decreasing demand or a shift in the UK market dynamics related to these machinery imports.

Future trends to watch for include:

The impact of technological advancements on domestic production in the UK reducing the need for imports.
The influence of trade policies post-Brexit that may shift import patterns for leatherwork machinery.
Potential changes in global supply chain dynamics affecting costs and availability of machinery.