In 2023, the production of sheep or lamb raw hides and skins in the UK stood at a significant point, forming the basis for forecasted values in subsequent years. Forecast from 2024 to 2028 shows a declining trend, with year-on-year reductions seen consistently. From 2024 to 2028, the expectation is a moderate decline in production, reflecting a compound annual growth rate (CAGR) that points towards a substantial shift within the industry.

Future trends to watch for:

Potential shifts in demand due to changing fashion and footwear trends globally.
Impact of sustainability initiatives on raw hides and skins production.
Technological advancements in synthetic alternatives that may affect the market.
Global trade policies and tariffs that could influence export dynamics.