In 2023, Italy's sold production of sheep or lamb skin leather parchment-dressed or prepared after tanning is the baseline for observations. The forecast from 2024 indicates a notable decline, with values dropping from 3.0329 million square meters in 2024 to 0.51303 million square meters in 2028. This represents a steep year-on-year decline each year, with an average compound annual growth rate (CAGR) of around -35% over the forecasted period.
Future trends to watch for include:
- Potential shifts in consumer preferences towards sustainable materials that could further impact leather demand.
- Technological advancements in synthetic leather alternatives.
- Global economic factors that could influence production and export levels.