The value added of leather products in Germany has shown significant variability over the years. Starting from 755 million Euros in 2013, the value initially grew modestly but encountered volatility with significant drops in 2015 and 2020. Despite a sharp decline in 2020 by 15.22%, the sector rebounded strongly in 2021 with a 22.05% increase and continued to grow steadily through to 2023, standing at 1040 million Euros.
Looking at the long-term trends, the sector exhibited a compound annual growth rate (CAGR) of -1.81% in 2013, improving to 6.84% in 2018, before experiencing minor fluctuations to reach a CAGR of -0.21% in 2023. The 5-year forecast anticipates a moderate CAGR of 0.98% and a total growth rate of 4.98% by 2028.
Future trends to watch for include advancements in sustainable and ethical leather production, the influence of shifting consumer preferences towards eco-friendly products, and potential supply chain disruptions. These factors may significantly impact the leather industry's value addition in Germany.
