Forecast: Production of Leather Products in Germany

The production of leather products in Germany has exhibited variations over the past decade, with values expressed in Billion Euros. In 2023, the production stood at 3.21 Billion Euros. Observing the year-on-year percentage variations, significant fluctuations can be noted, including remarkable growth in 2018 (27.5%) and significant declines in 2019 (-15.09%) and 2020 (-13.31%). The last two years have shown minimal growth with 2022 at 0.89% and 2023 at 0.88%. The Compound Annual Growth Rate (CAGR) over the last five years is projected at 0.69% through 2028.

Future trends to watch for include:

  • Technological advancements in leather production aiming at sustainability and efficiency.
  • Shifts in consumer preferences towards eco-friendly and ethically produced leather goods.
  • Impact of global economic conditions on luxury and durable goods demand.

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