The forecast for the import of fresh or wet-salted whole hides and skins of bovine animals to the UK from 2024 to 2028 depicts a gradual decline. In 2023, the import value stood at approximately 43 million US dollars. From 2024 to 2028, the series projects a year-on-year decrease ranging from 0.91% to 0.89%. The compound annual growth rate (CAGR) over this period shows an average decline of 0.9% annually. This trend indicates a consistent reduction in imports year over year.
Future trends to monitor include potential changes in global supply chain dynamics, shifts in UK livestock farming and export patterns, as well as economic conditions that could affect trade agreements or tariffs. Additionally, changes in consumer preferences towards sustainable and alternative materials may further impact import demands.
