Forecast: Tanning, Dressing of Leather, Luggage, Handbags, Saddlery and Harness; Dressing, Dyeing of Fur Turnover in Germany

In 2023, the tanning, dressing of leather, and related sectors in Germany reported a turnover season of around 985 million Euros. Starting from 2024, a forecasted decline is indicated, with turnover values reaching 981 million Euros in 2024 and decreasing incrementally to approximately 963.9 million Euros by 2028. The year-on-year variation reflects a decreasing trend, averaging around 0.8% decline annually over the five-year period. This suggests a compound annual growth rate (CAGR) of approximately -0.9%.

Future trends to watch for include shifts in consumer preferences towards sustainable and ethically sourced leather products, which might cause significant market adaptations, as well as potential disruptive innovations in synthetic alternatives to traditional materials.