The forecast data indicates a steady year-on-year decline in the import of leather clothing accessories to the UAE from 2024 to 2028. In 2023, the value of these imports stood at $65.523 million. The expected values are $63.535 million in 2024, $61.588 million in 2025, $59.68 million in 2026, $57.81 million in 2027, and $55.977 million in 2028. This translates to an average annual decrease (CAGR) of approximately 2.5% over the five-year forecast period.
Future trends to watch for include:
- Economic shifts in the UAE that may influence import capacity and consumer demand for luxury goods.
- Changes in global leather pricing and availability impacting costs and supply chains.
- Shifts in fashion trends and consumer preferences potentially driving fluctuations in demand.
- Trade policy adjustments and import regulations that could affect import volumes and values.