In 2023, the production value of the leather products sector in Turkey stood at 25.50 billion New Turkish Liras. Forecasts indicate a steady year-on-year growth, with the following projections:
- 2024: 26.91 billion (5.53% increase)
- 2025: 28.38 billion (5.46% increase)
- 2026: 29.82 billion (5.07% increase)
- 2027: 31.26 billion (4.84% increase)
- 2028: 32.68 billion (4.54% increase)
From 2023 to 2028, the Compound Annual Growth Rate (CAGR) is estimated to be approximately 5.09%, reflecting consistent growth in the leather products sector over this period.
Future trends to watch for include advancements in sustainable leather production technologies, shifts in global demand patterns, and potential impacts of economic policies on trade and local manufacturing. Monitoring these factors will be crucial for anticipating further developments in the sector.
