In 2023, the leather products sector in the Netherlands recorded 2.4873 million hours worked. Based on the forecasted data, there is a steady decline in hours worked over the next five years. From 2024 to 2028, the year-on-year percentage variations are as follows: -0.62%, -0.61%, -0.61%, and -0.60%, respectively, indicating a consistent downward trend. The five-year CAGR (Compound Annual Growth Rate) shows an average annual decrease of 0.61%.
Given this forecast, it is vital to watch future trends such as the impact of technological advancements, automation, and shifts in consumer preferences that could further influence labor demands in the sector. Additionally, regulatory changes and global trade agreements could play a significant role in shaping the future of the leather products industry in the Netherlands.
