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.