In 2023, Italy led the European leather market with a dominant turnover share, accounting for over half of the total, followed by France and Spain. The German market experienced a downturn, while the United Kingdom and Switzerland marked substantial growth. Notably, Serbia showcased remarkable expansion. Smaller markets like Norway, Latvia, Cyprus, and Iceland faced significant declines. The compounded annual growth rate over the past five years also suggested a strong performance by Italy, while several smaller markets encountered challenges.
Looking ahead to 2024, close monitoring of Italy's capacity to maintain its lead amidst growing competition is essential. France's and Switzerland's growth trends could potentially evolve into more substantial market changes, while observing the performance of emerging markets like Serbia could reveal shifts in manufacturing or consumer trends. Economic factors and sustainability initiatives are expected to influence future turnover dynamics across Europe.
Top countries in Leather Products Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 52.74 | 2023 | +6.19% | +0.11% | View data |
| 2 | 2 France | 13.13 | 2023 | +2.09% | +3.12% | View data |
| 3 | 3 Spain | 7.46 | 2023 | +3.72% | -0.93% | View data |
| 4 | 4 Germany | 5.33 | 2023 | -0.13% | -1.85% | View data |
| 5 | 5 Portugal | 4.65 | 2023 | +4.31% | -0.91% | View data |
| 6 | 6 United Kingdom | 2.65 | 2023 | +1.49% | +2.52% | View data |
| 7 | 7 Poland | 2.42 | 2023 | +6.8% | +0.099% | View data |
| 8 | 8 Romania | 2.15 | 2023 | +6.86% | +0.78% | View data |
| 9 | 9 Austria | 1.61 | 2023 | +4.37% | -0.9% | View data |
| 10 | 10 Hungary | 1.36 | 2023 | +10.4% | +1.72% | View data |
