In 2023, the turnover for leather products in France stood at €7.52 billion. For the upcoming years, the forecasted turnover data indicates steady growth. The figures point to incremental increases from €7.68 billion in 2024 to €8.31 billion by 2028.
The year-on-year growth rates exhibit consistent positive trends. For example, from 2024 to 2025, the turnover is expected to grow by approximately 2.08%. Similarly, the growth from 2025 to 2026 is projected at around 2.04%, continuing along these lines until 2028. This denotes a stable market expansion.
The Compound Annual Growth Rate (CAGR) for the five-year period from 2024 to 2028 is approximately 2.0%, reflecting sustained gradual growth within the sector.
Future trends to watch for include potential impacts of technological advancements in leather production, shifts in consumer preferences towards sustainable and ethically-produced products, and potential economic factors such as trade regulations and currency fluctuations which may influence market dynamics.
