Key Market Indicators
Italy ranked number 1 in 2021, Spain ranked number 2 at $1,337,000,000. France, Spain and Germany respectively were numbers 2, 3 and 4 in this ranking. Sales of Italian leather goods are set to reach nearly €29 billion by 2026, up from €27.5 billion in 2021. On average, this would represent a 0.3% annual growth since 2010. France, Spain and Germany accounted for the next three largest markets for Italian leather goods. Italian imports of leather goods are expected to reach $408 million by 2026, up from $394 million in 2021. This represents an average annual growth rate of 0.6% since 1999. France overtook Italy as the largest importer in 2021, with Germany, France and Italy accounting for the next three largest sources of imports. Exports of Italian leather goods are predicted to reach $1.44 billion by 2026, up from $1.34 billion in 2021. This would represent an average annual growth rate of 1.2% since 1999, with Italian exports leaping 4.2% year-on-year. Italy was the largest exporter in 2021, with France, Spain and Germany accounting for the next three largest markets.