The Gross Value Added per employee in the tanning, dressing of leather, luggage, handbags, saddlery, and harness industry in France is forecasted to rise from 116.9 thousand euros in 2024 to 122.5 thousand euros in 2028. This represents a steady growth pattern with an estimated compound annual growth rate (CAGR) over the five-year period. Notably, year-on-year growth rates demonstrate modest and stable increases, reflecting a continuous strengthening in the sector's productivity per employee.
Future trends to watch for include:
- Increased automation potentially enhancing productivity further.
- Shifts in consumer demand for sustainable and ethically produced goods.
- Potential impacts of global trade policies on material availability and cost.
