The net operating surplus for leather products in Japan is expected to show a significant recovery from 2024 to 2028. Starting with a deficit of 4.17 billion yen in 2024, the industry forecasts a positive turnaround reaching 6 billion yen by 2028. This indicates a progressive CAGR improvement over the five-year period. In 2023, preceding the forecasts, the industry faced challenges, setting the stage for the observed negative figures post-2024.

Future trends to watch for include:

Adoption of sustainable and innovative technologies impacting production costs and demand.
Shifts in consumer preference towards eco-friendly or premium products influencing market dynamics.
Fluctuations in global trade policies affecting raw material imports and exports.