In 2023, the wages and salaries in Germany's leather and related industries stood at an estimated 177.8 million euros. The forecast data from 2024 to 2028 indicates a slight declining trend, with values reducing from 177.5 million euros in 2024 to 176.5 million euros by 2028. This represents a gradual decrease over the years.

Year-on-year variations highlight minor annual decreases, with a compound annual growth rate (CAGR) suggesting a slight average decline across five years.

Future trends to watch for:

Potential impact of automation and AI on labor costs, potentially further reducing wages and salaries.
Sustainability initiatives and their effect on industry employment and compensation structures.
Global economic conditions affecting consumer demand and international trade, influencing the sector's economic performance.