In 2023, the import of machinery for leather and skin goods making, excluding sewing, to the UK was valued at USD 464.78 thousand. Forecast data from 2024 to 2028 indicate a gradual annual decline in imports, starting from USD 459.13 thousand in 2024 to USD 435.8 thousand by 2028. The year-on-year percentage change shows a decrement trend, reflecting a modest shrinking of the market. The average annual reduction over this forecast period is approximately a CAGR of -1.3%.
Future trends to watch for include technological advancements reducing the need for traditional machinery, shifts in manufacturing techniques, and possible trade policy changes impacting import behavior. The industry's adaptation to sustainability trends and potential shifts towards more localized production could also influence import demands.
