The leather and fur processing sector in Belgium showed a significant decline from 2013 to 2023, with the value dropping from €42.8 million in 2013 to €18 million in 2023. The sector experienced fluctuations, including a steep decrease in 2020, partially offset by a slight recovery in 2021. However, the overall trend over the last five years indicates a considerable average annual decline of 8.13%.

Future projections suggest a continued downward trend, with forecasted values decreasing to €7.9 million by 2028. This projection corresponds to a forecasted 5-year CAGR of -13.05% and a growth rate decrease of 50.31% from 2023 to 2028.

Trends to watch for in the future include:

The impact of sustainable and ethical consumer preferences on leather and fur products.
Technological advancements leading to potential product diversification.
Market shifts due to economic conditions and global trade policies affecting the sector.