In 2023, Italy led the European sold production of machinery parts for leather industries with a significant 62.24% share, followed by Germany at 25.99%, Spain at 6.88%, and France at 3.35%. Despite Italy's leading position, they experienced a decline of 2.46% compared to the previous year. Germany also saw a decrease of 2.36%, whereas France had a positive growth of 0.95%.
CAGR analysis over the past five years indicates a broader market contraction, particularly impacted by declines in production from Italy and Germany. Portugal exhibited the steepest decrease at 8.42%. Sweden maintained a minimal yet stable contribution.
Future trends to consider include technological advancements driving efficiency and sustainability in production processes. There is potential for growth in countries with currently minor shares, like those investing in innovative techniques and automation. Monitoring economic and trade policies and developments in leather demand will also shape future production trends across Europe. Continued environmental regulations may further impact raw materials processing, influencing market dynamics.
Top countries in Sold Production of Parts of Machinery for Preparing, Tanning or Working Hides, Skins or Leather, or for Making or Repairing Footwear or Other Articles of Hides, Skins or Leather Share by Country (Euros)
| # | 7 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 62.24 | 2023 | +5.18% | -2.46% | View data |
| 2 | 2 Germany | 25.99 | 2023 | +4.78% | -2.36% | View data |
| 3 | 3 Spain | 6.88 | 2023 | +2.83% | -1.47% | View data |
| 4 | 4 France | 3.35 | 2023 | +3.49% | +0.95% | View data |
| 5 | 5 Portugal | 1.15 | 2023 | +11.53% | -8.42% | View data |
| 6 | 6 Czechia | 0.59 | 2023 | |||
| 7 | 7 Sweden | 0.003 | 2023 | +3.12% | View data |
