In 2023, the Gross Value Added (GVA) per full-time employee (FTE) in Italy's leather products industry stood at 77.2 thousand Euros. Forecasted data shows modest year-on-year growth, with GVA rising to 77.5 thousand Euros in 2024 and reaching 78.5 thousand Euros by 2028. The year-on-year increase is consistent at around 0.3% per annum over the forecast period, representing a stable growth outlook. Over the five-year forecast period, the Compound Annual Growth Rate (CAGR) is calculated at approximately 0.3%.
Future trends to watch include potential impacts from global demand shifts, technological advancements in leather processing, and sustainability innovations. These factors could influence growth rates and industry profitability.
