The sold production of goat or kid skin leather in France has been declining since 2013, from a value of 10.929 million Euros in 2013 to 4.9792 million Euros in 2023. The annual year-on-year variation significantly dropped in 2022 by -27.64%, followed by another decrease of -8.5% in 2023. From 2018 to 2023, the compound annual growth rate (CAGR) was approximately -9.92%.
Forecast data indicates a continued decline, with the sold production expected to fall to 2.7356 million Euros by 2028. The industry is projected to contract further with a forecasted five-year CAGR of -9.56%, reflecting a -39.5% decrease from 2024 to 2028.
Future trends to watch for include advancements in synthetic leather alternatives, potential changes in consumer preferences towards sustainable products, and global market dynamics. Monitoring these factors will be essential in understanding and navigating the evolving market landscape.
