Forecast: Sold Production of Machinery for Working Hides, Skins or Leather or for Making or Repairing Footwear in Germany

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.

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