In 2023, the UK imported 34.5 thousand kilograms of machinery for leather and skin goods making, except sewing. Forecasts project a steady increase in imports reaching 38.37 thousand kilograms by 2028. Year-on-year variations indicate a modest growth trend, rising approximately 2.2% annually. Over the last two years leading up to 2024, this segment displayed a cumulative annual growth rate (CAGR) of around 2.4% per year, embodying a consistent, albeit moderate, upward trajectory.
Future trends to watch for include:
- Emerging technological advancements that could drive demand for sophisticated machinery.
- Potential trade policies and supply chain dynamics following Brexit.
- Economic shifts or changes in consumer behavior affecting leather goods demand.
