The turnover of leather products in Finland, expressed in million euros, showed a fluctuating trend over the past decade, reaching its peak in 2023 at 246.8 million euros. After a notable decline of 21.69% in 2020, the market experienced recovery, with an impressive year-on-year increase of 14.78% in 2021 followed by an 8.34% rise in 2022. In 2023, the turnover improved by 5.52%, contributing to a CAGR of 0.66% from 2018 to 2023. Forecasts estimate the turnover to increase steadily up to 258.0 million euros by 2028, with an anticipated average annual growth rate (CAGR) of 0.71%.

Future trends to watch for include:

Continued steady growth in turnover driven by increased demand for high-quality and luxury leather goods.
Potential impacts of sustainability trends and ethical consumerism influencing leather product manufacturing and sales.
Possible effects of technological innovations in leather production and design improving efficiency and variety.
Economic fluctuations and global trade dynamics influencing raw material costs and final product pricing.