In 2023, Italy and Greece dominated the European fur market, with turnover shares of approximately €41.09 million and €29.91 million, respectively. Italy experienced a slight year-on-year decrease of 2.16%, while Greece saw a marginal decline of 0.099%. France, at €11.52 million, faced a 4.3% decrease. Denmark, however, showed growth at 1.12%. Hungary showcased the most significant growth at 13.18%. Conversely, Latvia experienced a dramatic fall of 100%, showing volatility in smaller markets. Finland had the most substantial year-on-year drop at 31.49%, reflecting a shrinking market presence.
Future trends to monitor include:
- A potential rebound in smaller markets like Finland and Belgium following large declines.
- The impact of sustainability trends and regulations on production and sales.
- Growth prospects in Eastern European countries driven by economic improvements.
- Italy and Greece maintaining dominance, though innovation and market diversification could shift dynamics.
Top countries in Fur Articles Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 41.09 | 2023 | +7.65% | -2.16% | View data |
| 2 | 2 Greece | 29.91 | 2023 | +13.4% | -0.099% | View data |
| 3 | 3 France | 11.52 | 2023 | -2.17% | -4.3% | View data |
| 4 | 4 Denmark | 3.92 | 2023 | +9.52% | +1.12% | View data |
| 5 | 5 Poland | 3.81 | 2023 | 0% | -0.76% | View data |
| 6 | 6 Spain | 3.11 | 2023 | +8.15% | -6.29% | View data |
| 7 | 7 Czech Republic | 1 | 2023 | +9.3% | -3.09% | View data |
| 8 | 8 Sweden | 0.92 | 2023 | -4.44% | -2.97% | View data |
| 9 | 9 Hungary | 0.83 | 2023 | +11.43% | +13.18% | View data |
| 10 | 10 Portugal | 0.62 | 2023 | +16% | -0.68% | View data |
