The value added of leather products in Finland has experienced fluctuations over the past decade. After a decline from 84.0 million euros in 2013 to 66.0 million euros in 2015, the industry saw some recovery with peaks and troughs, reaching a stable 84.0 million euros in 2021, 2022, and 2023. Year-on-year variations indicate significant volatility, with the largest drop of 17% in 2020 followed by a substantial 20.48% increase in 2021. The compound annual growth rate (CAGR) provides insights into longer-term trends, showing an overall modest average variance per year.
Future trends to watch include the forecasted marginal growth of the leather industry, with slight annual increases leading to a value of 84.67 million euros by 2028. This suggests a stabilization in the sector. Nevertheless, monitoring external factors such as global supply chain dynamics, shifts in fashion trends, and sustainability practices will be crucial.
