In 2023, the leather products sector in Germany was valued at 3.14 billion euros. Based on the forecasted data, production is expected to steadily increase from 3.18 billion euros in 2024 to 3.33 billion euros by 2028. This consistent year-on-year growth indicates an average annual growth rate of approximately 1.18% over the five-year period (CAGR).
The year-on-year variation from 2024 to 2025 shows a 1.26% increase, followed by another 1.24% rise from 2025 to 2026. For the following years, the growth rate remains fairly consistent with a slight uptick of 1.23% from 2026 to 2027 and 0.91% from 2027 to 2028.
Future trends to watch for include:
- Adoption of sustainable and ethical leather sourcing.
- Technological advancements in manufacturing processes.
- Changes in consumer preferences towards eco-friendly products.
- Potential impacts of trade policies on import/export dynamics.
