In 2023, Italy led the European market in wages and salaries for the leather and fur industry with 2.06 billion Euros, followed by France at 1.15 billion Euros. Spain, Germany, and the UK followed, with Germany showing a negative growth of -1.88% year-on-year. Positive growth was seen in Romania at 7.96%, and Serbia at 10.7%. On the decline were Norway and Estonia, with -3.81% and -5.77% respectively. Growth in this sector shows considerable variance across countries with Eastern Europe witnessing emerging growth potential.
Future trends to watch include technological advancement in sustainable production methods, shifts in consumer preferences towards eco-friendly products, and potential impacts from trade policies and regulations. Key players are likely to invest in innovation and digital transformation to remain competitive and capture growing markets outside Europe.
Top countries in Tanning, Dressing of Leather, Luggage, Handbags, Saddlery and Harness; Dressing, Dyeing of Fur Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 2,060 | 2023 | +8.8% | +4.14% | View data |
| 2 | 2 France | 1,150 | 2023 | +5.64% | +6.42% | View data |
| 3 | 3 Spain | 224.3 | 2023 | +2.84% | +1.28% | View data |
| 4 | 4 Germany | 177.7 | 2023 | -0.17% | -1.88% | View data |
| 5 | 5 United Kingdom | 172.9 | 2023 | +2.49% | +2.41% | View data |
| 6 | 6 Romania | 105 | 2023 | +14.01% | +7.96% | View data |
| 7 | 7 Austria | 68.4 | 2023 | +3.17% | +0.5% | View data |
| 8 | 8 Portugal | 66.1 | 2023 | +3.44% | +3.71% | View data |
| 9 | 9 Hungary | 62.8 | 2023 | +6.62% | +0.39% | View data |
| 10 | 10 Poland | 62.4 | 2023 | +1.96% | +1.4% | View data |
