In 2023, Italy dominated the European Tanning and Dressing of Leather; Dressing and Dyeing of Fur sector with a turnover of €7.42 billion, showing a moderate growth of 2.15% year-on-year. Germany followed significantly behind, but with a healthy growth rate of 2.7%. Meanwhile, countries like Spain and Austria saw declines of -2.72% and -2.22%, respectively. Serbia displayed remarkable growth at 36.57%, signaling potential dynamism in its industry. The United Kingdom and Poland had modest growth rates, while notable declines were observed in France and Latvia, the latter experiencing a complete turnover cessation.
Future trends to observe include:
- The potential rise of Central and Eastern European countries like Serbia and Poland as they enhance production capabilities and market reach.
- Sustainability practices are expected to play a pivotal role in shaping the industry's landscape, influencing consumer preferences and regulatory standards.
- Technology integration, especially digitalization in production and supply chain management, may drive significant efficiencies and innovation across the sector.
Top countries in Tanning and Dressing of Leather; Dressing and Dyeing of Fur Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 7,420 | 2023 | +7.76% | +2.15% | View data |
| 2 | 2 Germany | 746.8 | 2023 | +7.87% | +2.7% | View data |
| 3 | 3 Spain | 508.2 | 2023 | +3.1% | -2.72% | View data |
| 4 | 4 Austria | 397.3 | 2023 | +5.19% | -2.22% | View data |
| 5 | 5 Portugal | 214.7 | 2023 | -1.15% | -5.05% | View data |
| 6 | 6 Poland | 184.8 | 2023 | +6.76% | +1.47% | View data |
| 7 | 7 Serbia | 184.4 | 2023 | +24.85% | +36.57% | View data |
| 8 | 8 United Kingdom | 179.7 | 2023 | -4.36% | +1.99% | View data |
| 9 | 9 France | 113.4 | 2023 | -4.1% | -13.66% | View data |
| 10 | 10 Sweden | 84.2 | 2023 | +7.26% | +1.28% | View data |
