The German leather products sector is projected to see an increase in wages and salaries from 586.0 million Euros in 2024 to 621.8 million Euros by 2028. This reflects moderate annual increases, with year-on-year growth rates calculated as 1.56% from 2024 to 2025, 1.53% from 2025 to 2026, 1.46% from 2026 to 2027, and 1.42% from 2027 to 2028. The compound annual growth rate (CAGR) over these years stands at approximately 1.49%.
Future trends to keep an eye on include digitalization impacts, sustainability demands, and potential labor shortages, all of which could influence wage adjustments in the coming years.
