In 2023, the tanning and dressing of leather and the dressing and dyeing of fur industry in France stood at 115.0 million euros. Forecasted figures reveal a decline in turnover from 102.5 million euros in 2024 to 56.2 million euros by 2028. This indicates a consistent year-on-year reduction, with a significant annual decrease in value. The compound annual growth rate (CAGR) over this period reflects a substantial contraction in the industry.
Future trends to watch for include:
- Increasing consumer demand for sustainable and ethical products may drive innovation in alternative materials.
- Global competition and changes in international trade policies could impact the export dynamics of French leather goods.
- Technological advances in synthetic and vegan leather production might further disrupt traditional market dynamics.