Italy leads the European luggage, handbag, saddlery, and harness industry with 74.513 million hours worked, a 2.56% increase from the previous year. Romania and Spain follow, contributing significantly to the sector. Poland and Germany showed a decrease, with Germany's working hours decreasing by 4.3%. Finland and Norway experienced remarkable growth, especially Norway with a 35.05% rise, indicating potential shifts or opportunities. Belgium's drastic decline by 46.81% signifies a notable industry change.
Future trends to watch for include continued growth in Nordic countries like Finland and Norway. Monitoring Italy's strategies and Germany's recovery plans will be crucial for understanding industry dynamics.
Top countries in Luggage, Handbags, Saddlery, Harness Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 74,513,000 | 2023 | +6.52% | +2.56% | View data |
| 2 | 2 Romania | 18,904,000 | 2023 | +7.88% | +4.79% | View data |
| 3 | 3 Spain | 12,612,000 | 2023 | +4.49% | +1.95% | View data |
| 4 | 4 Hungary | 10,023,000 | 2023 | +7.98% | +1.04% | View data |
| 5 | 5 Poland | 7,541,700 | 2023 | +0.84% | -0.56% | View data |
| 6 | 6 Portugal | 5,945,100 | 2023 | +6.93% | +7.29% | View data |
| 7 | 7 Germany | 4,860,300 | 2023 | +3.23% | -4.3% | View data |
| 8 | 8 Bulgaria | 4,612,100 | 2023 | +6.64% | +2.98% | View data |
| 9 | 9 Slovakia | 3,470,000 | 2023 | +8.61% | +2.62% | View data |
| 10 | 10 Bosnia and Herzegovina | 2,067,200 | 2023 | +8.98% | +10.97% | View data |
