The leather products production value in Italy showed fluctuating trends from 2013 to 2023, peaking in 2019 at €30.97 billion before a substantial dip in 2020 to €23.5 billion due to the pandemic. A recovery is evident with the value rising to €29.04 billion in 2023. The year-on-year variation in 2023 is positive at 5.92%, while the 5-year CAGR since 2019 is -0.7%, indicating a slow recovery rate.

Future trends to watch for include:

A stable growth forecast with values projected to reach €30.17 billion by 2028
Improving demand for high-quality leather goods which could drive growth
Potential impacts of sustainability trends and regulations on production processes and costs