The forecast for imports of fresh or wet-salted whole hides and skins of bovine animals to the UK shows a downward trend from 2024 to 2028. Starting at 13.168 million kilograms in 2024, the imports are expected to decrease consistently, reaching 10.768 million kilograms by 2028. This represents a compound annual growth rate (CAGR) of -4.97% over the five-year period.
Year-on-year, the numbers reveal a steady decline: a reduction of approximately 4.68% in 2025, 4.82% in 2026, 4.98% in 2027, and 5.12% in 2028. These percentages indicate a consistent shrinkage pattern in the UK's import volume for this category.
Future trends to watch for:
- Potential impacts of changing trade policies post-Brexit, which could influence import dynamics.
- Shifts towards alternative materials in the leather industry, affecting demand for bovine hides and skins.
- Global supply chain disruptions or climate change effects impacting cattle production and subsequently hide availability.