The hours worked in Italy's tanning and dressing of leather and fur industry are forecasted to decline steadily from 2024 through 2028. In 2023, the actual hours worked stood at 31.904 million. The forecast data shows a gradual reduction, with a year-on-year decrease of approximately 1.25% from 2024 to 2025, 1.25% from 2025 to 2026, 1.25% from 2026 to 2027, and 1.26% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 shows an average annual decrease of about 1.25%.
Key future trends to watch for include:
- Technological advancements in manufacturing could further reduce labor hours.
- Shifts in consumer preferences towards sustainable and ethical products may impact workforce demand.
- Changes in global trade policies could affect the competitiveness of Italy's leather and fur industries on the international stage.
