In 2023, Italy led Europe with 588 high-growth enterprises in leather goods, experiencing a modest increase from previous years. Portugal encountered a significant contraction, down by 12.53%. Romania showed a slight growth of 2.38%. Hungary and Slovakia saw slight declines of 1.89% and 3.29%, respectively. Lithuania's enterprises decreased sharply by 12.94%, and Latvia ceased operations entirely. Norway remained stagnant.
Future trends to watch include:
- Potential recovery opportunities in Portugal and Latvia.
- Italy's role in setting industry benchmarks for high growth.
- Impact of sustainability practices on growth dynamics.
Top countries in Number of High Growth Enterprises in Leather Products by Country
| # | 8 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 588 | 2023 | +22.25% | +2.89% | View data |
| 2 | 2 Portugal | 64 | 2023 | -8.57% | -12.53% | View data |
| 3 | 3 Romania | 36 | 2023 | +20% | +2.38% | View data |
| 4 | 4 Hungary | 20 | 2023 | +11.11% | -1.89% | View data |
| 5 | 5 Slovakia | 11 | 2023 | 0% | -3.29% | View data |
| 6 | 6 Lithuania | 3 | 2023 | 0% | -12.94% | View data |
| 7 | 7 Latvia | 1 | 2023 | -100% | -100% | View data |
| 8 | 8 Norway | 1 | 2023 | 0% | View data |
