The road freight volume of France's hides, skins, and leather wholesale sector is projected to decline significantly by 2028. In 2023, the sector's volume stood remarkably higher than the anticipated 640,000 vehicle-kilometers forecasted for 2027. Observing the annual trend, the expected year-on-year decreases are approximate at 9% for 2025, 10% for 2026, 11% for 2027, and 11% again for 2028. The compounded annual growth rate (CAGR) over five years starting in 2024 suggests a consistent downtrend due to diminishing demand and shifts in the material usage.
Future trends to watch for:
- Innovations in sustainable materials could further impact demand.
- Potential policy changes or trade agreements which might alter the market dynamics.
- Technological advancements improving logistics efficiency, possibly muting volume decline.
- Market shifts towards digitization or e-commerce adaptations.
