The production value of leather products in the Netherlands shows a mixed trend when analyzing the data from 2013 to 2023. After a period of relative stability from 2013 to 2016, there was significant growth in 2017 and 2018. A further surge in 2019 was followed by a sharp decline in 2020, possibly attributed to the global pandemic. The market showed resilience with a recovery in the subsequent years, achieving a production value of 435.7 million euros in 2023, representing a 4.11% year-on-year increase. The 5-year CAGR was 0.44% as of 2023. Future forecasts predict a moderate but steady growth rate with a CAGR of 0.24% until 2028, with the production value reaching 443.1 million euros by that year.
Future Trends to Watch For:
• Impact of sustainability practices transforming leather production methods.
• Technological advancements in enhancing production efficiency.
• Global economic factors influencing market demand and supply chains.
• Shifts in consumer preferences towards synthetic or alternative materials.
