In 2023, Italy leads the European leather products market in wages and salaries, accounting for a significant share at 43.42 million euros with a 1.9% year-on-year increase. France (13.17 million euros), Spain (8.01 million euros), and Germany (6.79 million euros) also hold noteworthy positions. Portugal saw a decline of 3.59%, while most Eastern European countries experienced moderate growth. Notable increases were observed in Bosnia and Herzegovina (4.02%), Serbia (4.67%), and the Netherlands (5.59%). Conversely, Norway and Belgium faced significant declines of 5.67% and 25.22% respectively.
Future trends to watch include potential market shifts due to economic conditions, labor cost fluctuations, and industry regulations. Monitoring the emerging Eastern European markets and understanding their impact on traditional Western markets will be crucial. Additionally, the evolving landscape of sustainable and ethical production practices could influence wage structures across various countries.
Top countries in Leather Products Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 43.42 | 2023 | +6.2% | +1.9% | View data |
| 2 | 2 France | 13.17 | 2023 | +2.17% | +2.09% | View data |
| 3 | 3 Spain | 8.01 | 2023 | +3.16% | +0.024% | View data |
| 4 | 4 Germany | 6.79 | 2023 | +1.53% | +1.61% | View data |
| 5 | 5 Portugal | 5.31 | 2023 | -3.32% | -3.59% | View data |
| 6 | 6 Romania | 4.34 | 2023 | +7.22% | +0.69% | View data |
| 7 | 7 United Kingdom | 3.7 | 2023 | +2.21% | +2.22% | View data |
| 8 | 8 Poland | 2.35 | 2023 | +5.32% | +0.61% | View data |
| 9 | 9 Switzerland | 1.42 | 2023 | +2.81% | +3.63% | View data |
| 10 | 10 Austria | 1.4 | 2023 | +0.68% | +0.39% | View data |
