The value added of leather products in France has seen a dynamic progression from 2013 to 2023, standing at €2.23 billion in 2023. This period was marked by notable volatility, including a sharp 17.44% decline in 2020, likely due to global disruptions. However, recovery ensued with a substantial 23.87% increase in 2021. Over the last two years, growth has stabilized with year-on-year variations of 2.64% in 2022 and 2.57% in 2023. From 2018 to 2023, the compound annual growth rate (CAGR) was approximately 4%, indicating steady progress.
Looking ahead, forecasts show a continued growth trajectory, albeit at a more moderate CAGR of 1.92%. By 2028, the value is expected to reach €2.52 billion, reflecting a 9.97% overall increase from 2023.
Future trends to watch for include:
- Expansion of sustainable and eco-friendly leather product lines.
- Increasing demand for high-end luxury leather goods.
- The potential impact of technological advancements in leather processing and manufacturing.
- Shifts in consumer behavior toward more ethical and sustainable consumption.
- Global economic factors influencing export markets and raw material costs.
