The leather products production value in Poland saw considerable fluctuations over the past decade, appearing to peak in certain years and dip in others. The value stood at 1300 million euros in 2023. From 2013 to 2023, significant growth years included 2014 (11.82%) and 2017 (8.53%), while notable declines were seen in 2019 and 2020 with -13.31% and -16.33% respectively. The recovery began in 2021 with a robust 22.03% increase and has since stabilized to a more moderate year-on-year growth rate of 6.18% by 2023. Over the last five years, the CAGR has been modest at 0.35%. Heading into the future, the forecast suggests a steady growth trend with an anticipated CAGR of 1.94% from 2024 to 2028.
Future trends to watch for:
- Increased demand for sustainable and eco-friendly leather products
- Potential impacts from technological advancements in leather production
- Changing consumer preferences and economic conditions affecting purchasing power
- Trade policies and regulations impacting the leather industry
- Potential disruptions from global supply chain issues
