As of 2024, the number of persons employed in the leather products sector in Mexico stood at 119.14 thousand jobs, an increase from the previous year. However, forecasts for the coming years show a steady decline in employment in this sector. Specifically, employment is expected to drop to 117.06 thousand jobs in 2025, 115.03 thousand in 2026, 113.04 thousand in 2027, and 111.08 thousand by 2028.

Year-on-year variation:

2024-2025: -1.75%
2025-2026: -1.73%
2026-2027: -1.73%
2027-2028: -1.74%

The compound annual growth rate (CAGR) for the period between 2024 and 2028 is approximately -1.74%, indicating a consistent decrease in employment over this five-year span.

Future trends to watch for:

Technological advancements and automation potentially reducing the need for labor in manufacturing processes.
Shifts in trade policies or international demand impacting the export-oriented segments of the leather industry.
Environmental regulations and sustainability trends influencing production practices.