In 2023, the import volume of luggage, handbags, saddlery, and harness into the UK was recorded at 79.318 million items. The forecast from 2024 to 2028 indicates a gradual decline, with values expected to decrease from 78.272 million items in 2024 to 74.241 million items in 2028. The year-on-year variations depict a consistent decrease of approximately 1.3% annually. Over this period, the Compound Annual Growth Rate (CAGR) is projected to be -1.3%, highlighting a steady downtrend in import volumes.
Future trends to watch for include potential shifts in consumer preferences toward sustainable and locally-manufactured products, which could further impact import volumes. Additionally, fluctuations in international trade policies and global economic conditions may influence future import patterns.
