The French market for articles of apparel made of leather or composition leather has shown a marked decline over the past decade. The market size value fell from 1.6091 billion USD in 2013 to 0.94617 billion USD by 2023, indicating a notable decrease. The most significant drop occurred between 2015 and 2016, with a persistent decline in recent years, demonstrated by a negative CAGR of 4.04% over the last five years. In particular, the market faced a substantial contraction during 2020 due to the global pandemic, although a slight recovery was observed in 2021.
Future trends to watch for include:
- A potential rebound influenced by the recovery of global luxury markets and renewed consumer interest in sustainable and premium fashion products.
- The impact of economic stability and consumer confidence on expenditure for luxury goods.
- The rise of ethical fashion concerns and potential shifts towards locally sourced and sustainable leather goods.
How does France rank in Articles of Apparel of Leather or Composition Leather Market Size Value?
| # | 17 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 946,170,000 | 2023 | -3.39% | -4.04% | |
| 2 | 2 Germany | 840,990,000 | 2023 | -6.44% | -5.46% | View data |
| 3 | 3 United Kingdom | 688,920,000 | 2023 | -1.29% | -2.36% | View data |
| 4 | 4 Spain | 528,890,000 | 2023 | -3.34% | -2.98% | View data |
| 5 | 5 Japan | 439,210,000 | 2023 | -4.2% | -4.39% | View data |
