In 2023, Romania dominated European production of technical leather articles, with a share of 60.63 euros. Italy followed with 29.58 euros, showing a significant 30.35% year-on-year increase. Germany, Croatia, and France had smaller shares, with Germany experiencing a slight decrease of 1.38%. The United Kingdom and Denmark experienced declines, with Finland standing out with a 109.43% increase, albeit from a low base. The last two years saw varying trends, while the five-year compound annual growth rate showed Romania's steady leadership and Italy's significant gains.
Future trends to watch include the potential for greater integration of sustainable practices in leather production and technological innovation to enhance quality and efficiency. Additionally, geopolitical factors and economic uncertainties affecting supply chains could influence market dynamics in the coming years.
Top countries in Sold Production of Articles of Leather or Composition Leather of a Kind Used in Machinery or Mechanical Appliances or for Other Technical Uses Share by Country (Euros)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 60.63 | 2023 | +3.99% | +3.79% | View data |
| 2 | 2 Italy | 29.58 | 2023 | +8.18% | +30.35% | View data |
| 3 | 3 Germany | 13.94 | 2023 | -2.42% | -1.38% | View data |
| 4 | 4 Croatia | 12.31 | 2023 | +4.42% | +5.33% | View data |
| 5 | 5 France | 1.42 | 2023 | +0.8% | -3.57% | View data |
| 6 | 6 United Kingdom | 0.42 | 2023 | -7.59% | -15.42% | View data |
| 7 | 7 Denmark | 0.039 | 2023 | -2.96% | -2.97% | View data |
| 8 | 8 Finland | 0.02 | 2023 | +0.01% | +109.43% | View data |
