Based on the data for 2023, Belgium leads in Gross Value Added per Employee FTE in the European luggage, handbags, saddlery, and harness sector with 145.9 thousand Euros. France follows at 114.7, while Denmark and Norway also perform above the 77 mark. Southern and Eastern European countries such as Romania and Bulgaria exhibit lower values, reflecting regional industry maturity variances. Over the past two years, little change is observed in this ranking, highlighting stable sector conditions across Europe. The five-year CAGR underlines slow growth, supporting minimal variation over this period.
Future trends to watch include the potential impact of sustainability initiatives on production processes, likely improvements due to technological innovation in manufacturing, and shifts in consumer preferences which might impact lower performing countries. Monitoring changes in apparel exports to non-European markets may also reveal growth opportunities.
Top countries in Luggage, Handbags, Saddlery, Harness Gross Value Added Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Belgium | 145.9 | 2023 | View data |
| 2 | 2 France | 114.7 | 2023 | View data |
| 3 | 3 Denmark | 88.2 | 2023 | View data |
| 4 | 4 Norway | 77.7 | 2023 | View data |
| 5 | 5 Italy | 77.5 | 2023 | View data |
| 6 | 6 Finland | 62.8 | 2023 | View data |
| 7 | 7 Sweden | 59.8 | 2023 | View data |
| 8 | 8 Germany | 54.4 | 2023 | View data |
| 9 | 9 Austria | 50.3 | 2023 | View data |
| 10 | 10 Iceland | 38.4 | 2023 | View data |
