In 2023, the import value of leather apparel articles to Germany stood at a higher level than the forecasted decline starting 2024. From 2024 to 2028, there is a clear downward trend, with a compounded annual growth rate (CAGR) reflecting a decreasing average yearly rate. Year-over-year, the imports are forecasted to decrease as follows: 2025 sees a reduction from 2024, followed by continued declines through to 2028. This is indicative of a consistent lowering demand or potential market shifts.
Future trends to watch include the impact of alternative materials gaining popularity due to sustainability concerns, potential changes in trade policies impacting imports, and consumer behavior shifts towards eco-friendly products which could further affect leather goods demand.
