Between 2013 and 2023, the value added of leather products in Italy showed an overall positive trend, rising from €8.15 billion to €9.63 billion despite a significant dip in 2020 due to the COVID-19 pandemic. The year-on-year variations reflected both periods of growth and contraction, with the most drastic change seen in 2020, marking a -15.82% decline. The recovery was swift in 2021 with a 22.37% increase. The forecasted data from 2024 to 2028 indicates continued growth, with the value reaching €10.35 billion by 2028 and an average annual growth rate of 1.14% over the next five years.

Future Trends to Watch For:

Sustainability practices as consumer demand for eco-friendly products rises.
Technological advancements in leather production, increasing efficiency and product quality.
Global trade dynamics and their impact on Italy's leather industry.
Potential market consolidation or expansion strategies by key players in the industry.