The turnover of leather products in Poland has shown variable growth from 2013 to 2023. After a significant rise from 2013 to 2017, followed by consistent growth through 2018, there was a notable decline of 7.93% in 2019. The market experienced a substantial drop in 2020, falling by 18.59%, likely due to the impact of the COVID-19 pandemic. Recovery began in 2021 with a 14.88% increase, continuing into 2022 and 2023 with respective growth of 9.27% and 6.8%. In 2023, the turnover stood at 1.38 billion Euros. Over the last five years, the CAGR has been a modest 0.099%.
Looking ahead from 2024 to 2028, the forecast indicates gradual growth with a five-year CAGR of 1.99%, projecting the market to reach 1.57 billion Euros by 2028, a total growth of 10.37% over the period.
Future Trends to Watch For:
- Consumer preferences shifting towards sustainable and eco-friendly products could reshape the market dynamics.
- Technological advancements in leather manufacturing and design may drive efficiency and innovation.
- Global economic conditions and trade policies could influence import-export activities affecting turnover.
