The number of enterprises in the Italian leather products sector was 10.5 thousand in 2023. Forecasted from 2024, the number is expected to decrease steadily by approximately 3.7% annually, reaching 9.19 thousand by 2028. This indicates a moderate decline, with a compound annual growth rate (CAGR) of -2.9% over the five-year period from 2023 to 2028.
Future trends to watch for:
- Impacts of sustainability initiatives on small enterprises.
- Innovation in leather alternatives and their market adoption.
- The influence of global trade dynamics on production costs and competitiveness.
