Forecast: Production in Leather Products Sector in the Netherlands

The leather products sector in the Netherlands has shown notable fluctuations over the past decade. From 2013 to 2019, there was consistent growth, with a peak in production value reaching 461.4 million euros in 2019. The COVID-19 pandemic led to a significant decline in 2020 (-16.8%), but recovery began in 2021 with a moderate growth of 2.53%, followed by 6.33% in 2022 and 4.11% in 2023. The production value in 2023 stood at 435.7 million euros.

Growth over the last five years (2019-2023) averaged a CAGR of 0.44%, indicating a slow recovery post-pandemic. Projections from 2024 onwards show stable growth with the sector predicted to reach 443.1 million euros by 2028, highlighting an estimated 5-year CAGR of 0.24%.

Future trends to watch for include:

  • Potential impacts of global economic conditions and trade policies.
  • Technological advancements in leather processing and sustainable practices.
  • Market adaptations to changing consumer preferences towards eco-friendly products.

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