In France, the labor cost per employee FTE in the leather products industry stands at an estimated €59.5 thousand for 2024, showing incremental growth over previous years. The CAGR from 2023 to 2028 is approximately 1.4%, with year-over-year increases hovering around 1.2% to 1.5%. Over this five-year period, the industry anticipates a steady rise, reflecting both inflationary pressures and gradual wage growth as the sector stabilizes post-pandemic.
Future trends to monitor include the impact of advancements in automation and digital technologies, which may disrupt labor costs by enhancing productivity. Additionally, any changes in trade policies or regulations could influence cost structures and demand shifts in the global leather market.
