In 2023, Italy led European R&D expenditure in leather product manufacturing with €181.6 million, followed by Portugal at €13.77 million and Spain at €13.11 million. Among all countries analyzed, growth variations showed Portugal increasing by 6.24%, while Poland surged at 12.54%. Italy faced a reduction of 3.03%, while Sweden remained constant. The Czech Republic displayed slight growth at 2.09%.
Future trends to watch include:
- Italy's potential strategic shifts to reverse its decreasing trend.
- Continued growth potential in Portugal and Poland, driven by favorable policy or market conditions.
- Emerging players like Sweden and Czech Republic adopting innovative R&D approaches.
Top countries in Business Expenditure on R&D in Leather Products Manufacturing by Country
| # | 7 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 181.6 | 2023 | +5.58% | -3.03% | View data |
| 2 | 2 Portugal | 13.77 | 2023 | +8.86% | +6.24% | View data |
| 3 | 3 Spain | 13.11 | 2021 | View data | ||
| 4 | 4 Poland | 1.52 | 2023 | +8.71% | +12.54% | View data |
| 5 | 5 Sweden | 1.38 | 2023 | +32.57% | View data | |
| 6 | 6 Czech Republic | 0.52 | 2023 | +3.18% | +2.09% | View data |
| 7 | 7 Hungary | 0.14 | 2021 | View data |
