The labour costs in the leather products sector in the Netherlands were recorded at 63 million euros in 2023. The forecast for 2024 indicates a slight decrease to 62 million euros. This downward trend continues, and by 2028, the cost is projected to decline to 60 million euros. Notably, the years 2025 to 2027 show a stable cost at 61 million euros before this final decrease.
Year-on-year percentage variations for the upcoming years are rather modest. The transition from 2024 to 2025 and between 2025 to 2027 show no change in values (remaining at 61 million euros), except for the drop from 2023 to 2024 (63 to 62 million euros) and 2027 to 2028 (61 to 60 million euros). The Compound Annual Growth Rate (CAGR) over the last five years indicates a slight decline by 1.3% per annum.
Future trends to watch for include potential impacts of automation and increased efficiency within the labour sector, evolving trade policies affecting the leather industry, and fluctuating demand for leather products both domestically and internationally.
