Key Market Indicators
Belgian leather goods sales totaled almost €25 million in 2021, a 50.4% decrease from the previous year's €50.6 million. Since 2017, the market has dropped 18.9% year over year. Belgium came in at number 27 in 2021, with Estonia overtaking them with €25.1 million. France, Spain, and Germany ranked second, third, and fourth respectively. Belgian leather goods export is expected to reach $106.9 million by 2026, growing at an average rate of 0.5% year over year. Since 2004, Belgian supply has increased 2.7% year over year. Belgian leather goods import is project to fall to $99.7 million by 2026, decreasing at an average rate of 2.1% year over year. Since 2004, Belgian demand has decreased by 0.3% year over year. In 2021, Belgium was number 16, with Austria overtaking them with $113.2 million. Germany, France, and Italy respectively ranked second, third, and fourth.
