The sold production of machinery for working hides, skins, or leather, and for making or repairing footwear in Germany experienced a notable decline from 2017 to 2021, decreasing from 541 items to 52 items. This represents a compounded annual growth rate (CAGR) of -33.4% over the past five years. By 2023, the number of items in production remained around the 2021 level, indicating a stagnation post-2021. The year-on-year analysis from 2019 to 2020 showed a 41.4% decline, and from 2020 to 2021, the decrease was 69.6%.
Future trends to watch for include:
- Technological advancements potentially revitalizing production capabilities.
- The impact of global supply chain adjustments post-pandemic.
- Demand fluctuations influenced by shifts in consumer preferences and sustainability trends.
- EU policies affecting manufacturing standards and trade regulations.