The import of finishing agents and dye carriers for the leather industry to the UK shows a steady forecasted growth from 2024 to 2028, increasing from $4.28 million in 2024 to $4.40 million in 2028. Assuming the imports in 2023 were similar, the year-on-year growth rate is approximately 0.7% to 0.8%. The compound annual growth rate (CAGR) over this period is projected to be around 0.7% per year.
Future trends to watch for include:
- Market shifts due to Brexit impacts, which may affect trade policies and import duties.
- Increased demand for sustainable and eco-friendly products in leather finishing, potentially altering import volumes and values.
- Technological advancements in the leather industry that may reduce dependency on imports and encourage local innovations.