The forecasted import of footwear with outer soles and uppers of leather to the UK is set to decline progressively from 2.48 million kilograms in 2024 to 1.14 million kilograms by 2028. This represents a significant year-on-year decrease, with the compound annual growth rate (CAGR) indicating a downward trend. Compared to 2023, where imports were higher, this projected decline emphasizes potential decreases in demand or shifts in consumer preferences towards alternatives.
- Future trends to watch for include:
- Shifts in consumer preferences towards sustainable materials.
- Impact of trade policies and tariffs post-Brexit.
- Economic factors affecting disposable income and spending on luxury goods.
- Technological innovations in footwear production and materials.
