The production of leather products in France has seen fluctuating growth patterns over the years. The industry started at 3.23 billion euros in 2013 and experienced a moderate decline until 2014 before embarking on a growth trajectory, reaching 4.57 billion euros in 2019. However, 2020 saw a significant drop due to external factors, followed by a robust recovery, culminating in a value of 4.83 billion euros in 2023. The year-on-year variation indicates a steady growth rate post-2020, with the most recent years seeing modest but stable increases, such as a 1.96% growth in 2023. Over the last five years, the industry has had an average annual growth rate (CAGR) of 2.93%.
Looking forward, the forecasted data suggest continuous growth with an average annual growth rate of 1.5% expected up to 2028, projecting the market to reach 5.32 billion euros. The forecast indicates a cumulative growth rate of 7.74% over the five years from 2024 to 2028.
Future trends to watch for include advancements in sustainable and eco-friendly leather production, potential shifts in consumer demand towards alternative materials, and the impact of global economic conditions on the leather market in France.
