The forecast for the tanning and dressing of leather and fur dressing and dyeing production value in France suggests a significant decline from 2024 to 2028. Starting at 75.6 million Euros in 2024, the value is expected to decrease each year, ultimately reaching 18.2 million Euros by 2028. The year-on-year decrease highlights a continual drop, reflecting challenges in the industry. Based on historical data, the value stood at a higher point in 2023, emphasizing the anticipated steep downturn in subsequent years. The Compound Annual Growth Rate (CAGR) across this period underscores an average annual decrease.
Future trends to monitor include:
- Innovation in sustainable leather and fur alternatives.
- Changing consumer preferences impacting leather and fur demand.
- Regulatory changes affecting production processes and costs.
