In 2023, Italy led European sold production of belts and bandoliers with 456.89 million euros, experiencing a substantial year-on-year growth of 13.8%. Spain and Portugal also saw growth with 2.11% and 7.48% respectively. France and Germany faced declines of 0.41% and 4.81%. Smaller markets like Serbia and Croatia grew significantly, whereas Lithuania's production dropped by 8.27%. The overall market saw varied performances across regions, with a notable growth trend in Italy.
Future trends to watch include leveraging digital transformation for efficiency and sustainability, economic shifts impacting consumer demand, and potential influences of EU regulations on leather goods. Innovations in leather-like materials and shifts towards sustainable sourcing are key for market dynamics.
Top countries in Sold Production of Belts and Bandoliers of Leather or Composition Leather by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 456,890,000 | 2023 | +13.06% | +13.8% | View data |
| 2 | 2 Spain | 105,880,000 | 2023 | +9% | +2.11% | View data |
| 3 | 3 France | 27,685,000 | 2023 | +8.16% | -0.41% | View data |
| 4 | 4 Germany | 25,066,000 | 2023 | +0.14% | -4.81% | View data |
| 5 | 5 Austria | 6,760,300 | 2023 | +8.01% | +0.17% | View data |
| 6 | 6 Poland | 5,284,400 | 2023 | +2.42% | +3.99% | View data |
| 7 | 7 Portugal | 5,096,400 | 2023 | -0.33% | +7.48% | View data |
| 8 | 8 Greece | 967,590 | 2023 | +17.36% | -0.46% | View data |
| 9 | 9 Serbia | 809,760 | 2023 | +5.59% | +10.48% | View data |
| 10 | 10 Croatia | 806,370 | 2023 | +5.66% | +2.28% | View data |
