Germany's leather products production value has shown a fluctuation in growth and decline from 2013 to 2023. The value stood at 3.14 billion Euros in 2023. The series has experienced significant variations, with high growth years like 2021 (22.04% increase) and notable declines such as in 2020 (-14.15%). From 2018 to 2023, the CAGR averaged at 2.71%, indicating a moderate growth trend over the past five years. The forecast from 2024 to 2028 shows a projected stable growth rate with a 5-year CAGR of 0.96% and an overall growth rate of 4.87%.
Future trends to watch for:
- Sustainable leather alternatives influencing production processes.
- Technological advancements in leather processing.
- Global market demand shifts affecting export volumes.
