In 2024, the turnover of leather products in Europe reveals Italy as the dominant player with 30.17 billion Euros, far surpassing France at 7.51 billion Euros and Spain at 4.27 billion Euros. Germany and Portugal follow with 3.05 and 2.66 billion Euros respectively. The United Kingdom, Poland, and Romania are also notable markets although with significantly lower turnovers.
Recent trends indicate mixed year-on-year variations across different countries. Italy experienced a modest increase of 0.11%, while France saw a substantial rise of 3.12%. Conversely, Spain and Germany encountered declines of -0.93% and -1.85% respectively. The United Kingdom and Switzerland showed marked increases at 2.52% and 4.15% respectively, whereas Slovakia and Iceland faced significant decreases of -3.82% and -10.21%.
Projected turnover trends into the future should note increased economic integration within Europe, technological advancements enhancing production efficiency, and growing market openings in emerging countries. Serbia, for example, experienced an impressive 12.2% increase and might continue its upward trajectory, indicating regions to watch.
Top countries in Leather Products Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 30,170 | 2023 | +6.19% | +0.11% | View data |
| 2 | 2 France | 7,510 | 2023 | +2.09% | +3.12% | View data |
| 3 | 3 Spain | 4,270 | 2023 | +3.72% | -0.93% | View data |
| 4 | 4 Germany | 3,050 | 2023 | -0.13% | -1.85% | View data |
| 5 | 5 Portugal | 2,660 | 2023 | +4.31% | -0.91% | View data |
| 6 | 6 United Kingdom | 1,520 | 2023 | +1.49% | +2.52% | View data |
| 7 | 7 Poland | 1,380 | 2023 | +6.8% | +0.099% | View data |
| 8 | 8 Romania | 1,230 | 2023 | +6.86% | +0.78% | View data |
| 9 | 9 Austria | 918.9 | 2023 | +4.37% | -0.9% | View data |
| 10 | 10 Hungary | 777.8 | 2023 | +10.4% | +1.72% | View data |
