Employment in the leather products sector in France has experienced a fluctuating trend from 2013 to 2023. Starting at 19,000 units (Full-Time Equivalent) in 2013, the employment figures saw a dip to 18,000 units in 2016 but rebounded in the subsequent years, reaching a peak of 21,000 in 2019. However, it stabilized at 20,000 units from 2020 to 2023. The year-on-year variations indicate a slight negative trend in 2016 (-5.26%), balancing out with positive growth in 2017 (5.56%) and 2018 (5.26%), before slightly declining again in 2020 (-4.76%). The average annual growth rate over the last five years was neutral at 0% in 2023.
The forecast from 2024 to 2028 suggests a stable employment figure of around 20,000 units up until 2025, before a slight decline to 19,000 units by 2028. The projected compound annual growth rate (CAGR) over the forecast period is -1.02%, indicating a minor contraction in employment levels, translating to a 5% decrease over the next five years.
Future trends to watch for in the leather products sector include the impact of technological advancements and automation on employment, the influence of global trade policies, and shifts in consumer preferences towards sustainable and ethical products, which could significantly influence employment dynamics in this sector.
