Leather goods and related products exports from Turkey to the UK were at $38 million in 2023. For the forecasted period, the exports are projected to decline year-on-year. The values are predicted to be $36.994 million in 2024, $35.867 million in 2025, $34.764 million in 2026, $33.682 million in 2027, and $32.622 million in 2028.
Year-on-year variation:
- 2024: -2.65%
- 2025: -3.05%
- 2026: -3.08%
- 2027: -3.11%
- 2028: -3.15%
CAGR (2023-2028): -3.0%
The consistent decline in exports suggests a challenging market environment. Future trends to watch for include changing consumer preferences in the UK, possible tariff adjustments post-Brexit, and innovation in Turkey's leather goods industry to counteract the downward trend.
