The wages and salaries in the leather products sector in the Netherlands are projected to experience a slight decline over the coming years. The forecast indicates a decrease from 47.0 million Euros in 2024 to 45.0 million Euros by 2028. Year-on-year trends show a continual drop of 2.1% from 2024 to 2025, no change from 2025 to 2026, and another 2.2% reduction from 2026 to 2027. The trend further stabilizes with no change from 2027 to 2028.
In 2023, the actual value for wages and salaries in this sector was at 48.0 million Euros, marking a 2.1% decrease to 47.0 million Euros in 2024. Over the past two years, the sector experienced a cumulative decline of 4.2%. The Compound Annual Growth Rate (CAGR) over the forecasted five-year span from 2024 to 2028 is -1.06%, reflecting a modest but steady downward trend.
Key future trends to watch for include fluctuations in global leather demand, advancements in synthetic alternatives, and potential regulatory impacts affecting the leather industry. These factors could either exacerbate or alleviate the projected decline in wages and salaries.
