The French tanning and dressing of leather, alongside fur dressing and dyeing sector, is forecasted to see a notable decline in wages and salaries from 2024 to 2028. The anticipated decrease from 2023's value to 2024 is absent, but subsequent annual contractions exhibit a downward pattern: 2025's wages are expected to drop by roughly 16%, 2026 by another 18.5%, 2027 by 22.8%, and a 30.8% forecasted decrease in 2028. The 5-year compound annual growth rate (CAGR) reflects a significant overall diminishing trend.
Future trends to watch for include potential impacts of increased sustainable fashion practices, shifts in global leather demand due to changing consumer preferences, and technological advancements that may alter labor requirements in the industry. Additionally, economic policies and environmental regulations could further influence wage and salary trends.
