In 2023, the actual import value of machinery to prepare, tan, and work hides, skins, and leather into the UK stood at a certain level, with forecasts indicating a significant decline over the next few years. By 2024, the import value is expected at 448.64 thousand USD, decreasing annually, reaching a mere 3.81 thousand USD by 2028. The year-on-year percentage variations reflect a continual decrease, with substantial percentage drops each year, highlighting a declining trend. The compound annual growth rate (CAGR) over the five-year period indicates a significant average decrease in imports per year through 2028.

Future trends to watch include:

The impact of technological advancements in leather processing, which may drive a shift towards more efficient machinery, influencing import needs.
Potential changes in UK trade policies or economic conditions that could affect import levels.
Environmental regulations and consumer preferences for sustainable practices impacting demand for traditional tanning and leather machinery.