In 2024, Italy remains the dominant player in the European leather products market with a value of 9.63 billion Euros. France and Germany follow with values of 2.23 and 1.04 billion Euros, respectively. Other countries, including Austria, Slovakia, and the Netherlands, contribute significantly less, with values below 1 billion Euros. Based on 2023 data, Italy and France showed positive growth of 1.49% and 4.0% year-on-year, respectively, whereas Germany experienced a slight decline of 0.21%. Notably, Greece exhibited a significant drop of 4.89%.
Future trends to watch include the potential for Italy to maintain its market dominance, driven by its strong fashion industry. However, growth in France suggests a potential shift or increased competition. Germany's slight decline could indicate a need for market adaptation, while countries like Austria and Slovenia might gradually increase their market share. Economic factors, consumer preferences for sustainability, and innovation in leather production are crucial elements that will shape the market dynamics in the coming years.
Top countries in Value Added of Leather Products by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 9,630 | 2023 | +1.46% | +1.49% | View data |
| 2 | 2 France | 2,230 | 2023 | +2.57% | +4% | View data |
| 3 | 3 Germany | 1,040 | 2023 | +1.27% | -0.21% | View data |
| 4 | 4 Austria | 238.98 | 2023 | +0.057% | +0.59% | View data |
| 5 | 5 Slovakia | 202.03 | 2023 | +0.98% | -0.46% | View data |
| 6 | 6 Netherlands | 130 | 2023 | 0% | +0.15% | View data |
| 7 | 7 Finland | 84 | 2023 | 0% | -0.7% | View data |
| 8 | 8 Slovenia | 72.3 | 2023 | +0.28% | +0.22% | View data |
| 9 | 9 Greece | 42.45 | 2023 | -4.93% | -4.89% | View data |
