The turnover of leather products in France has shown fluctuations from 2014 to 2023, starting at 5.98 billion euros in 2014 and reaching 7.51 billion euros in 2023. Despite some periods of decline, such as in 2017 and 2020, the market saw significant rebounds, particularly in 2021 with a 23.22% increase. The average CAGR over the last five years stands at 3.12%, indicating moderate growth. Notably, the market is expected to continue growing, with forecasted turnover reaching 8.31 billion euros by 2028, reflecting a forecasted five-year CAGR of 1.6%.
Future trends to watch include potential impacts of global economic conditions, shifts in consumer preferences towards sustainable and eco-friendly leather products, and the influence of technological advancements in manufacturing. Additionally, monitoring how geopolitical factors influence supply chains will be crucial for anticipating market dynamics.
