The turnover in the Leather Products Sector in France demonstrated fluctuating trends over the past decade. After an initial growth phase from 2014 to 2016, reaching 6.46 billion Euros, the sector experienced a slight decline in 2017. However, it rebounded into a period of growth, peaking at 7.03 billion Euros in 2019 and facing a significant drop in 2020 due to external factors. The recovery was strong in 2021, reaching 7.2 billion Euros, followed by steady growth resulting in a turnover of 7.51 billion Euros in 2023.
Year-on-year, the sector showed varied performance:
- 2022: +2.18% YoY
- 2023: +2.09% YoY
Looking ahead, forecast data suggests continued growth, with the sector expected to reach 8.31 billion Euros by 2028. The forecasted 5-year CAGR is 1.6%, indicating moderate growth momentum over the long term, while the projected growth rate is 8.26% over the next five years.
Future trends to watch for include:
- Technology Innovations - Advances in manufacturing processes and sustainable practices.
- Consumer Preferences - Shifting trends towards eco-friendly and luxury leather products.
- Market Expansion - Possible growth in export markets and emerging economies enhancing demand.
