In 2023, Italy led the European market for young high growth enterprises in leather products with 64 gazelles. Portugal trailed with 23, while Romania had 5. Hungary, Czech Republic, and Slovakia each had 1 gazelle. Year-on-year growth showed Italy at 0.96%, but notable declines were seen in Portugal at -1.65%. Romania, Hungary, and Slovakia showed no variation, maintaining stable levels.
Future trends to watch for include:
- The resurgence of sustainable practices could drive growth in eco-friendly leather start-ups across Europe.
- Italy might consolidate its lead, while Portugal needs innovation to reverse its declining trend.
- Opportunities exist for Eastern European countries to increase their gazelles through digital transformation and access to broader markets.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Leather Products by Country
| # | 6 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 64 | 2023 | +23.08% | +0.96% | View data |
| 2 | 2 Portugal | 23 | 2023 | +15% | -1.65% | View data |
| 3 | 3 Romania | 5 | 2023 | 0% | 0% | View data |
| 4 | 4 Hungary | 1 | 2023 | 0% | View data | |
| 5 | 5 Czech Republic | 1 | 2023 | 0% | 0% | View data |
| 6 | 6 Slovakia | 1 | 2023 | 0% | 0% | View data |
