In 2023, the number of persons employed in Germany's leather products sector stood at approximately 17.0 thousand. The forecast from 2024 to 2028 projects a stable employment figure of 17.0 thousand for 2024 and 2025, followed by a slight decline to 16.0 thousand from 2026 to 2028. This suggests a cautious, but gradual, downward trend in employment within the sector over the forecast period.
Year-on-year variations do not indicate significant fluctuations, showcasing a consistent employment environment during the first two forecasted years, followed by a 5.88% drop in 2026. The compound annual growth rate (CAGR) over the next five years indicates a negative growth trend.
Future trends to watch for include technological advancements such as automation which could impact employment. The demand for sustainable and ethically produced leather products might also influence employment trends, potentially leading to the need for a more skilled workforce within the industry.
