In 2024, Italy leads the European leather products industry with 205.86 million hours worked, reflecting its enduring dominance. Portugal and Romania follow with 76.084 and 73.697 million hours respectively. Spain shows a slight increase in hours worked at 66.481 million. Other notable contributors include Poland (37.667 million), Bosnia and Herzegovina (34.124 million), and Germany (26.048 million). The remaining countries contribute less significantly, with Latvia, Ireland, Belgium, and Cyprus presenting minimal input.
Year-on-year variations from 2023 underscore several key trends: Italy shows a marginal decrease of 0.27%, while Portugal and Romania face more substantial declines of 3.14% and 3.88% respectively. Spain, Bosnia, and Hungary experienced slight increases, highlighting localized growth. Germany, Poland, and others like Croatia saw declines, with Belgium and Cyprus experiencing the most drastic year-on-year decreases at 22.65% and 44.07% respectively. Norway and Latvia, however, saw substantial increases of 30.18% and 3.98% respectively, posing interesting case studies for future analysis.
Future trends to watch for include potential continued growth in Spain, Bosnia, and Hungary due to incremental gains, and the impact of capacity reductions in major contributors like Portugal and Romania. The industry should also monitor the recovery trajectories in Belgium and Cyprus, and the sustainability of rapid growth in Norway and Latvia. Overall, shifting economic landscapes and evolving labor markets will play pivotal roles in shaping the future of European leather product hours worked.
Top countries in Leather Products Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 205,860,000 | 2023 | +4.05% | -0.27% | View data |
| 2 | 2 Portugal | 76,084,000 | 2023 | -1.58% | -3.14% | View data |
| 3 | 3 Romania | 73,697,000 | 2023 | +2.75% | -3.88% | View data |
| 4 | 4 Spain | 66,481,000 | 2023 | +5.5% | +0.41% | View data |
| 5 | 5 Poland | 37,667,000 | 2023 | +2.66% | -2.1% | View data |
| 6 | 6 Bosnia and Herzegovina | 34,124,000 | 2023 | +2.51% | +1.19% | View data |
| 7 | 7 Germany | 26,048,000 | 2023 | +2.42% | -2.32% | View data |
| 8 | 8 Hungary | 21,039,000 | 2023 | +5.57% | +0.72% | View data |
| 9 | 9 Slovakia | 16,403,000 | 2023 | +3.28% | -0.38% | View data |
| 10 | 10 Croatia | 16,356,000 | 2023 | -5.48% | -4.84% | View data |
