In 2023, Italy led European leather products in wages and salaries, with significant contributions also seen from France, Spain, and Germany. Notable growth occurred in Bosnia and Herzegovina (4.02%) and Serbia (4.67%), indicating strong market dynamics in these countries. Negative trends were more pronounced in Belgium (-25.22%), Norway (-5.67%), and Finland (-2.36%). Over the last five years, countries like Switzerland and Croatia have demonstrated consistent annual growth, while some regions experienced a decline, reflecting differing market conditions.
Looking forward, future trends to watch include recovery opportunities in Belgium and sustained growth in fast-expanding markets like Serbia and Bosnia. The ability to adapt to economic shifts and changes in consumer behavior will influence the trends in wages and salaries across Europe's leather industry.
Top countries in Leather Products Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 3,690 | 2023 | +6.2% | +1.9% | View data |
| 2 | 2 France | 1,120 | 2023 | +2.17% | +2.09% | View data |
| 3 | 3 Spain | 680 | 2023 | +3.16% | +0.024% | View data |
| 4 | 4 Germany | 576.5 | 2023 | +1.53% | +1.61% | View data |
| 5 | 5 Portugal | 450.7 | 2023 | -3.32% | -3.59% | View data |
| 6 | 6 Romania | 368.3 | 2023 | +7.22% | +0.69% | View data |
| 7 | 7 United Kingdom | 314.1 | 2023 | +2.21% | +2.22% | View data |
| 8 | 8 Poland | 199.8 | 2023 | +5.32% | +0.61% | View data |
| 9 | 9 Switzerland | 120.6 | 2023 | +2.81% | +3.63% | View data |
| 10 | 10 Austria | 119.2 | 2023 | +0.68% | +0.39% | View data |
