The import of tanned or dressed whole furskins and pieces assembled to the UK is projected to decline steadily from 8.94 thousand kilograms in 2024 to 3.76 thousand kilograms in 2028. For context, the volume stood at 10.5 thousand kilograms in 2023, showing a steep decline. The year-on-year decrease highlights a significant downward trend of approximately 15% per annum in 2025 and 2026 and continuing declines thereafter. The compound annual growth rate (CAGR) from 2024 to 2028 reflects an average annual reduction of over 15.9%.
Future trends to watch for include shifts in global supply chains, changing consumer preferences towards sustainable and ethical fashion choices, and potential regulatory changes or trade agreements affecting the import of fur products. Adapting strategies to these evolving dynamics will be crucial for stakeholders in this sector.
